A bipartisan group of eight Senators including John McCain, Marco Rubio, Dick Durbin and Charles Schumer, announced Monday that they had reached an agreement in principle on an extensive Immigration reform proposal that would address border security, guest worker and employer verification, as well as a path to citizenship for the 11 million illegal immigrants already in this country. The Republican-controlled House is also reportedly close on a bipartisan plan, that a source tells BuzzFeed has House Speaker John Boehner “pretty optimistic.”

POLITICO reports that the broad Senate agreement from the “Gang of Eight” is the most serious bipartisan effort to act on the issue since George W. Bush’s comprehensive measure was defeated in the Senate in 2007. Some conservatives, however, are skeptical about the new “deal.” Daniel Horowitz of the Madison Project writes on TheBlaze contributor’s page:

While there is much pomp and hype in anticipation of the details, there is nothing new about their plan.  This is essentially the same deal as the 2006/07 McCain-Kennedy amnesty bills.

Almost every illegal would be entitled to a work visa. Once granted the work visa, they would be set on a path toward a green card if they pay a fine, learn English (whatever that means), and pay back taxes (as if most of them earn enough to accrue a net positive tax liability). They would eventually be able to become citizens with voting rights without ever having to return home.

The ‘Gang of Eight’ announcement comes as the president is preparing his own proposal on Immigration reform. According to USA Today, both the Senate and the president’s plans include pathway to citizenship for illegal immigrants already in the U.S. and tighter enforcement on the border, but differ when you get into the details.

On ‘Real News’ Monday the panel discussed the newly announced bipartisan Senate proposal, and whether Republicans will be expected to “cave in” if the deal were put to a vote, and what political ramifications hinge on this deal: