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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.

Go deeper

2 hours ago - Health

U.S. surpasses 25 million COVID cases

A mass COVID-19 vaccination site at Dodger Stadium on Jan. 22 in Los Angeles, California. Photo: Mario Tama/Getty Images

The U.S has confirmed more than 25 million coronavirus cases, per Johns Hopkins data updated on Sunday.

The big picture: President Biden has said he expects the country's death toll to exceed 500,000 people by next month, as the rate of deaths due to the virus continues to escalate.

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.