May 11, 2017

House Republicans kick off tax reform hearings

AP / Susan Walsh

House Republicans will hold their first big hearing next Thursday to kickstart tax reform under unified Republican government.

It's a big picture hearing, focusing on "policies that will generate economic growth, create jobs, and increase paychecks for all Americans," the committee announced.

  • Leading the hearings: House Ways and Means Chairman Kevin Brady (R-TX) and Tax Policy Subcommittee Chairman Peter Roskam (R-IL).
  • Quote from Brady: "Our hearing is an important step forward as we work with President Trump and our Senate colleagues on delivering historic pro-growth tax reform for the first time in 30 years."
  • Between the lines: Ways and Means leaders want major tax reform and are allergic to unfunded tax cuts that would be temporary.

Go deeper

Scoop: Amazon's local podcast play

Illustration: Sarah Grillo/Axios

Amazon is looking to invest in localized podcast content, like news and sports, sources tell Axios. Sports content is top of mind as the company plans to buy up more TV rights and have adjacent audio content for users.

Why it matters: Amazon sees a strategic advantage in podcasts by leveraging Alexa voice tech to help users discover personalized content.

The oil stakes of Trump vs. Biden

Reproduced from Rapidan Energy Group; Chart: Axios Visuals

U.S. oil production is in a steep decline, but one question is how much November's elections will affect how much it does — or doesn't — bounce back.

Why it matters: The powerful price and demand headwinds from the coronavirus pandemic are creating a financial crisis in the oil patch.

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