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President Trump at the White House with Tom Cotton in 2017. Photo: Zach Gibson via Pool/Getty Images

President Trump turned on Sen. Tom Cotton (R-Ark.) on Monday after the Republican senator warned that the GOP effort to oppose certifying Joe Biden's victory could "establish unwise precedents" and "take away the power to choose the president from the people."

Why it matters: Cotton, a close ally of Trump's who praised the president at the Republican National Convention, is one of a growing number of Republicans who have denounced plans by colleagues to object to certifying Biden's Electoral College win.

  • Cotton is widely viewed as a potential 2024 Republican presidential candidate.
  • Sens. Josh Hawley (R-Mo.) and Ted Cruz (R-Texas), who are also rumored to be considering 2024 bids, are leading the efforts to oppose certification.

What he's saying: On Twitter, Trump repeated his unfounded claim that the election was rigged and said "the real numbers" would be revealed during his speech on Monday night.

Go deeper: GOP battle lines drawn by Trump and McConnell will shape the next four years

Go deeper

Scoop: Conservative group puts $700k behind Hawley

Sen. Josh Hawley explains his objection to certifying the 2020 election results hours after the U.S. Capitol siege. Photo: Congress.gov via Getty Images

A Republican group is raising and spending huge amounts of money defending Sen. Josh Hawley after he was ostracized for early January’s attack on the U.S. Capitol.

Why it matters: The Senate Conservatives Fund is plugging Hawley's ideological bona fides and backfilling lost corporate cash with needed political and financial support, helping inoculate him as he weighs reelection or a possible presidential campaign in 2024.

Dan Primack, author of Pro Rata
1 hour ago - Politics & Policy

Biden starts negotiating to raise capital gains tax rate

Illustration: Aïda Amer/Axios

President Biden wants to nearly double the capital gains tax paid by wealthy Americans, as first reported yesterday by Bloomberg and confirmed by Axios.

Counterintuitive: Biden's plan is better for private fund managers (hedge, PE, VC, etc.) than what he proposed during the campaign.

Scoop: Caitlyn Jenner makes it official for California governor

Caitlyn Jenner. Photo: Paul Archuleta/Getty Images

Former Olympic decathlete and reality TV star Caitlyn Jenner has filed her initial paperwork to run for governor of California and will officially announce her bid later today, her campaign tells Axios.

The big picture: Jenner, a longtime Republican, is seeking to replace Democratic Gov. Gavin Newsom in a recall election, hoping her celebrity status and name recognition can yield an upset in the nation's most populous state.