Breaking down the GOP tax bill

The Republican tax bill appears headed for passage.

On Tuesday the House approved the sweeping rewrite of the tax code. But soon after, came word from the Senate that it contained three minor provisions that violated Senate rules. Those provisions were removed. The Senate could vote on the revised bill Tuesday night. A re-vote in the House is set for Wednesday. The bill is expected to reach the president's desk by Christmas.

Financial advisor Ed Gardner is on the Factor to break down just exactly how you could be impacted by the bill if it passes.