Get the latest market trends in your inbox
Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. 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
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul
Tampa-St. Petersburg news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg
Americans for Prosperity President Tim Phillips. Photo: Andrew Harnik / AP
If Republicans in the House and Senate fail to pass tax reform by the end of the year, they could see conservative outside groups like Americans for Prosperity pulling some of their financial support in 2018 to focus on state-level races, AFP's President Tim Phillips told Axios.
Why it matters: The Koch brothers, who fund AFP, have some of the deepest pockets of GOP's supporters. While Phillips is optimistic that tax reform will happen by the end of the year, the pressure is on. If tax reform ends up like health care, the Republican party will be in crisis.
"If you have a Congress that's failing at everything," he said, "Then you can see groups reasonably deciding to put more emphasis on gubernatorial efforts or state legislative efforts where you're seeing genuine policy achievements as opposed to Washington where they're not."