Andrew Harnik / AP

Boston Globe's Victoria McGrane writes about the D.C. lobbyists who are preparing for the "hunger games" of tax reform:

  • "The business community has been quietly shaping terms of the debate and building support behind the scenes for what they hope is a massive reduction in business taxes."
  • Chris Krueger, a policy analyst at the Cowen Washington Research Group, in a recent note to clients: "One person's loophole is another's business model and entrenched interests will fight to the death — because tax reform is the corporate 'Hunger Games.'"
  • A change of tune: "Trump this week told The Wall Street Journal he might be willing to raise individual taxes on the wealthy, if it would pay for a middle-class cut. ... [W]ith his agenda stalled in Congress thus far, any rich-versus-middle-class battle could play into Democrats' hands."

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Appeals court allows House Democrats to continue lawsuit for Don McGahn testimony

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A D.C. appeals court on Friday allowed House Democrats to continue their case for testimony from former White House counsel Don McGahn before the House Judiciary Committee.

Why it matters: The ruling has broader implications beyond this specific instance, agreeing that Congress has the standing to sue to enforce subpoenas against executive branch officials even if the White House refuses to comply.

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TikTok has become a Rorschach test for how U.S. politicians view China, with little consensus on the specifics of its threat to homeland security.

The big picture: Much of what D.C. fears about TikTok is fear itself, and that's reflected in President Trump's executive order to ban the app by Sept. 20 if it's not sold by parent company ByteDance — alongside another focused on Chinese messaging app WeChat and its parent company Tencent.

U.S. sanctions Hong Kong leader Carrie Lam

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The Treasury Department on Friday placed sanctions on Hong Kong leader Carrie Lam, following months of tension as she has allowed continued overreach by Beijing to subvert Hong Kong's autonomy.

Why it matters: It's the toughest sanction yet imposed on China for its destruction of Hong Kong’s relatively free political system.