Nov 7, 2017

GOP senators consider delaying corporate tax cut

The Senate is considering major changes to the House's proposed tax plan. Photo: Jacquelyn Martin / AP

The Senate's Republican leadership is considering changing the House GOP's tax plan to include a one-year delay in slashing the corporate tax rate, the Washington Post reports. Such a delay would save $100 billion, but could be resisted by President Trump who has pushed for an immediate tax break for companies.

Other proposed changes include retaining seven tax brackets, instead of the four presented by the House, and eliminating state and local tax deductions for families.

Go deeper: Winners and losers from the House GOP tax plan

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More states issue stay-at-home orders as coronavirus crisis escalates

Data: Axios reporting; Map: Danielle Alberti/Axios

Florida and Georgia governors ordered all residents to stay at home late Wednesday, with exceptions for those engaged in essential services, including health care and government functions.

The big picture: In a matter of weeks, the number of states that issued orders nearly quadrupled, affecting almost 300 million Americans.

Go deeperArrowUpdated 7 mins ago - Health

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 956,588 — Total deaths: 48,583 — Total recoveries: 202,728Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 216,722 — Total deaths: 5,137 — Total recoveries: 8,672Map.
  3. Stimulus updates: Social Security recipients won't need to file a tax return to receive their checks.
  4. Jobs update: 6.6 million people filed for unemployment last week, a staggering number that eclipses the record set on March 26.
  5. States' latest: Florida's slow response may have made its coronavirus outbreak worse — Nearly 40 states have issued stay-at-home orders.
  6. National updates: The Grand Canyon closed after a resident tested positive for coronavirus.
  7. World update: Israeli Prime Minister Benjamin Netanyahu re-entered self-quarantine after his health minister tested positive for coronavirus.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Making sense of the UN's climate conference coronavirus delay

Illustration: Sarah Grillo/Axios

The scuttling of November's pivotal UN climate conference is the starkest sign yet of how coronavirus is throwing a wrench into efforts to combat global warming. But like the wider relationship between the coronavirus and climate initiatives, the ramifications are ... complicated.

Driving the news: UN officials announced Wednesday that the annual summit to be held in Glasgow, Scotland, is postponed until some unknown time next year.