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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

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. Photo: CIRA/RAMMB

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest — triggering widespread power outages and flooding.

Why it matters: The strong atmospheric river, packing large amounts of moisture, is causing Northern California to whiplash from drought to flood.

“You blew it”: GOP activist turns on corporations over vaccine mandates

The chairman of the American Conservative Union said on "Axios on HBO" he accepts "Joe Biden is my president, and I want him to succeed," but predicted Republicans retake the House and Senate in 2022 — with greater than 50% odds Donald Trump runs in 2024.

The big picture: In a joint interview with his wife, Mercedes, Matt Schlapp also refused to share their vaccination status. And he told corporate America "you blew it" by embracing vaccine mandates and liberal social stances that have alienated GOP voters and politicians.

3 hours ago - Politics & Policy

Pelosi expects “billionaire’s tax” to pay for Biden social spending

Photo: Yasin Ozturk/Anadolu Agency via Getty Images

House Speaker Nancy Pelosi (D-Calif.) said Sunday she expects the chamber to pass the bipartisan infrastructure plan by week’s end, and alternatives to corporate tax hikes and a “billionaires tax” will be used to finance President Biden’s promised expansion to the social safety net.

Why it matters: Pelosi’s comments come as House and Senate leaders try to wrap up a deal. What will get cut — and how the remainder will be paid — are linchpins to a final agreement.