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Sen. Orrin Hatch, R-Utah, speaks to reporters following the weekly Republican policy luncheon on Capitol Hill. Photo: Susan Walsh / AP

The Congressional Budget Office's analysis of the Senate GOP tax plan shows it would hurt Americans earning less than $30,000, The Washington Post reports, and it would hurt them more than originally thought. Republicans like Senate Finance Committee Chairman Orrin Hatch say the bill helps everyone, regardless of income.

The cause: Those earners would be getting less government aid for health care since the bill would get rid of the individual mandate from the Affordable Care Act, per the CBO.

The CBO also reports:

  • Those earning under $40,000 are all losing out with the tax bill.
  • The bill would add $1.4 trillion to the deficit over the next decade, just under the $1.5 trillion limit.
  • Health insurance premiums would rise, with 4 million Americans losing insurance by 2019, a number that spikes to 13 million by 2027.
  • When the Joint Committee on Taxation only takes into account the tax impacts of the Senate bill, all income groups receive a tax cut, although in 2027, after the individual tax cuts expire, that benefit goes away.

Go deeper

4 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.

Scoop: Biden weighs retired General Lloyd Austin for Pentagon chief

Lloyd Austin testifying before Congress in 2015. Photo: Chip Somodevilla/Getty Images

Joe Biden is considering retired four-star General Lloyd Austin as his nominee for defense secretary, adding him to a shortlist that includes Jeh Johnson, Tammy Duckworth and Michele Flournoy, two sources with direct knowledge of the decision-making tell Axios.

Why it matters: A nominee for Pentagon chief was noticeably absent when the president-elect rolled out his national security team Tuesday. Flournoy had been widely seen as the likely pick, but Axios is told other factors — race, experience, Biden's comfort level — have come into play.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. World: Thailand, Philippines sign deal with AstraZeneca for vaccine.
  4. Economy: Safety nets to disappear in December Black Friday shopping across the U.S., in photosAmazon hires 1,400 workers a day throughout pandemic.
  5. Education: National standardized tests delayed until 2022.