Sep 26, 2017

Conservative group wants more details from Trump's tax plan

Americans for Prosperity President Tim Phillips, accompanied by FreedomWorks President Adam Brandon, speaks to members of the media outside the West Wing of the White House in Washington. Photo: Andrew Harnik / AP

Americans for Prosperity, the conservative group founded by the Koch brothers, pushed for a fairer and simpler tax code to "unrig the economy" today at a press conference. And while they're largely supportive of the administration's plan so far, there are a few key things they need to see before signing on.

Between the lines: AFP hopes the administration will achieve complete tax reform, but Trump has shifted his messaging from "reform" to simply tax "cuts." As more details about the administration's tax plan comes out, AFP says they will do a full analysis on the plan and how it aligns with their interests.

Here's what AFP wants according to President Tim Phillips:

  • Eliminate cuts for the wealthy: "One of the keys is making sure that the carve outs and the deductions that overwhelmingly favor the wealthy ... are torn away [and] pushed aside," Phillips said. "We are anxious and ready to see more details on that ... and we think it's going to [get done]."
  • Hard sell: Phillips predicted one challenge for the administration's tax plan will be addressing the special interest groups. "There are a lot of special interest groups out there that are going to try to protect provisions that favor their particular industry. [W]e're calling on the administration to do what's best for the entire country by lowering the flattened rates for everyone and simplifying this code."
  • Bottom line: "Go big with the cuts, the growth is going to take care of the rest. If they go bold, if they follow through on some of what has been leaked from many sources, we are going to throw the full weight of our activist army behind them." And if not, AFP says they will "stand with the American people."

Go deeper: Top White House and GOP leaders have agreed to raise the lowest individual tax rate from 10 to 12%, paired with doubling the standard deduction. And inside Trump's plan to lower the tax rate for the wealthiest Americans.

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Boris Johnson in intensive care as coronavirus symptoms worsen

Photo: Peter Summers/Getty Images

U.K. Prime Minister Boris Johnson is being treated in the intensive care unit of St. Thomas' Hospital in London due to increasingly severe coronavirus symptoms.

What they're saying: Cabinet minister Michael Gove told LBC radio on Tuesday morning Johnson was not on a ventilator. "The prime minister has received some oxygen support and he is kept under, of course, close supervision," he said.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 3 a.m. ET: 1,348,184— Total deaths: 74,834 — Total recoveries: 284,802Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 368,376 — Total deaths: 10,989 — Total recoveries: 19,828Map.
  3. Trump administration latest: President Trump's economic adviser Peter Navarro warned White House colleagues in late January the coronavirus could take over half a million American lives and cost close to $6 trillion, memos obtained by Axios show.
  4. 2020 update: Wisconsin Supreme Court blocks governor's attempt to delay in-person primary voting delayed until June.
  5. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  6. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  7. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  8. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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U.S. coronavirus updates: Death toll nears 11,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 10,900 in the U.S. early Tuesday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday this week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

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