Sep 27, 2017

Corker: Tax reform will make health care "look like a piece of cake"

Sen. Bob Corker told reporters that he thinks tax reform will make health care "look like a piece of cake." Photo: Alex Brandon / AP

Retiring Sen. Bob Corker (R-TN) told reporters Wednesday that working on tax reform will make the GOP's recent health care struggle "look like a piece of cake." Corker explained that a successful tax overhaul is entirely different from simply issuing tax cuts, per CBS News.

Corker's biggest issue: There's no way a bill that increases the deficit will pass in Washington, he said, which the new GOP plan might do, noting that he'd never vote for such a bill.

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Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.

The next American struggle: Waiting out the coronavirus

Illustration: Aïda Amer/Axios

There are now a lot of known knowns about the coronavirus: It's here, it's spreading, it's stressing hospitals, it's crippling the economy, it's slowed only by distance and isolation — and it's sure to get much worse before it gets much better. 

Why it matters: Similarly, there is a sameness to the patterns and known unknowns. So now we hit the maddening stage of waiting.

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Coronavirus pushes traditional businesses into the digital age

Illustration: Aïda Amer/Axios

A slew of old-line industries that once hesitated to embrace digital technologies are now being forced to do so for the sake of survival.

Why it matters: Once consumers get used to accessing services digitally — from older restaurants finally embracing online ordering, or newspapers finally going all-digital — these industries may find it hard to go back to traditional operations.