Sep 26, 2017

GOP tax plan will skip details on how to pay for it

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.

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Exclusive: Global trust in the tech industry is slipping

Illustration: Aïda Amer/Axios

The backlash against Big Tech has long flourished among pundits and policymakers, but a new survey suggests it's beginning to show up in popular opinion as well.

Driving the news: New data from Edelman out Tuesday finds that trust in tech companies is declining and that people trust cutting-edge technologies like artificial intelligence less than they do the industry overall.

"It was 30 years ago, get over it": Mike Bloomberg's partner brushes off NDA concerns

Diana Taylor at a Mike Bloomberg event last month. Photo: Ron Adar/Echoes Wire/Barcroft Media via Getty Images

Diana Taylor, Mike Bloomberg's longtime partner, dismissed the concerns surrounding non-disclosure agreements used at his company, Bloomberg LP, telling CBS News that she would say to those bothered by the allegations, "It was 30 years ago, get over it."

Why it matters: Democratic candidates have used the NDAs as a talking point against Bloomberg, calling on him to allow women to speak about the reported sexual harassment and gender discrimination they faced while working for him.

Trump's opportunity to use Bernie as an economic scapegoat

Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).