The GOP tax plan will likely punt the tough decisions for now. Photo: Alex Brandon/AP

The tax plan being presented to GOP members over the next couple of days — as soon as this afternoon to senators — isn't likely to include tough policy decisions about revenue raisers, multiple sources say. "All of the goodies and none of the vegetables," said one well-connected GOP lobbyist.

Between the lines: Although there's disagreement about how much individual and corporate tax rates should be lowered, almost every Republican is going to be happy with tax cuts and lower rates. The painful decisions come in when members are forced to decide about revenue-raising policies — for example, whether to eliminate or reduce the state and local tax deduction, which Bloomberg reported this morning is already hitting blue-state Republican resistance.

What to watch: The tax plan was expected to come up, but there is the possibility that Republican senators will spend the entire lunch talking about health care, delaying any tax discussion.

What to expect: Likely some general discussion about how to raise revenue, but nothing very specific.

Go deeper: Axios's Jonathan Swan reported this morning more details about what is expected to be in the plan.

Go deeper

Breaking down the Tesla obsession

Illustration: Sarah Grillo/Axios

Tesla is the company of the moment — the prime exemplar of just about any big and important trend that you might care about.

Why it matters: Almost every reader of finance and business news will have at least one strongly-held opinion about Tesla. What you might not realize is just how widely those opinions range, and the degree to which they map onto much broader views of the world.

Gallup: Party preference swings dramatically in favor of Democrats

Photo: Jim Watson/AFP via Getty Images

Americans' political party preferences have swung sharply from a 2-point Republican advantage in January to an 11-point Democratic advantage in July, according to Gallup's monthly averages of telephone polls in 2020.

The big picture: The dramatic shift is more a product of fewer people identifying as Republican or Republican-leaning (down 8% since January) than gains among those who identify as Democratic or Democratic-leaning (up 5%).

Nancy Pelosi: "I yearn for other Republican presidents"

House Speaker Nancy Pelosi (D-Calif.) called on President Trump Thursday to exercise "the full power" of the Defense Production Act to meet coronavirus equipment needs and accused him of engaging in a "massive dereliction of duty" by ignoring science during the pandemic.

What she's saying: "I yearn for other Republican presidents," Pelosi said at a press conference. "While we may have disagreed on many points, but at least we had a shared commitment to the governance of our country."