Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
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.