Chuck Kennedy

This morning, as tax reform inched closer to passing, Mike Allen discussed the bill's implications with the Director of the National Economic Council Gary D. Cohn. Mike asked him what he would change, what President Trump's goals were, and why the bill is so unpopular.

Axios Business Editor Dan Primack explains what the audience should listen for in Mike's interview with Mr. Cohn. Chuck Kennedy
Mike introduces Mr. Cohn, who was the President of Goldman Sachs until President Trump appointed him to his cabinet. Chuck Kennedy
Mr. Cohn tells Mike he would close the carried interest loophole if he could change one thing about the tax bill. Chuck Kennedy
Mr. Cohn says that President Trump cared most about cutting the corporate tax rate with this bill. Chuck Kennedy
"I don't know" Mr. Cohn says when asked why the tax bill is so unpopular. Chuck Kennedy
Mike learns that Mr. Cohn does not own bitcoin.Chuck Kennedy
150 DCers starting their day with Axios and tax reform. Chuck Kennedy

Go deeper: Dan Primack's recap of the conversation

Thank you Bank of America for sponsoring this event.

Go deeper

Updated 9 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 12,573,041 — Total deaths: 561,865 — Total recoveries — 6,915,740Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 3,213,902 — Total deaths: 134,420 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.
  7. 🎧 Podcast: Rural America has its own coronavirus problem.

Scoop: Don Jr. plans convention-week Biden book

Cover via Don Jr.

Donald Trump Jr., in quarantine since girlfriend Kimberly Guilfoyle tested positive for the coronavirus, says he's used the time to finish a book that he'll self-publish the week of the Republican convention, at the end of August.

What he's saying: Don Jr., whose controversial blasts connect with President Trump's base, told me in a phone interview that "Liberal Privilege" will be his effort to paint a picture of Joe Biden and his record that the press ignores.

Romney calls Stone commutation "historic corruption"

Sen. Mitt Romney. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Sen. Mitt Romney (R-Utah) on Saturday tweeted a scathing response to President Trump's Friday night commutation of former associate Roger Stone's prison sentence, calling the move "[u]nprecedented, historic corruption."

Why it matters: Romney has emerged as the party's most prominent Trump critic. He sent shockwaves through Washington after announcing he would vote to convict Trump in the impeachment trial — becoming the only Senate Republican to break ranks and vote for the president's removal from office. Now he is the first major GOP lawmaker to condemn Trump's Friday night call regarding Stone.