J. Scott Applewhite/AP

New research published this week from the National Bureau of Economic Research highlights the growing trend of businesses—large and small—organizing themselves not as traditional corporations, but as "pass-through entities," that pay personal tax rates on income.

Why it matters: The effective corporate tax rate is 27.1%, but for pass-through corporations it's 19%, well below the average effective corporate rate in OECD countries. This undermines the case for the necessity of corporate tax cuts, but it also complicates the tax reform process as pass throughs will likely take up the popular banner of small business to press for expensive cuts of their own.

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Data: Owen Zidar; Chart: Andrew Witherspoon / Axios

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Murkowski says she'll vote to confirm Amy Coney Barrett to Supreme Court

Sen. Lisa Murkowski. Photo: Alex Edelman/AFP via Getty Images

Sen. Lisa Murkowski (R-Alaska) said Saturday that she'll vote to confirm Judge Amy Coney Barrett to the Supreme Court on Monday, despite her opposition to the process that's recently transpired.

The big picture: Murkowski's decision leaves Sen. Susan Collins (R-Maine) as the only Republican expected to vote against Barrett.

Post-debate poll finds Biden strong on every major issue

Joe Biden speaks Friday about "The Biden Plan to Beat COVID-19," at The Queen theater in Wilmington, Del. Photo: Drew Angerer/Getty Images

This is one of the bigger signs of trouble for President Trump that we've seen in a poll: Of the final debate's seven topics, Joe Biden won or tied on all seven when viewers in a massive Axios-SurveyMonkey sample were asked who they trusted more to handle the issue.

Why it matters: In a time of unprecedented colliding crises for the nation, the polling considered Biden to be vastly more competent.