A new NYT analysis of Trump's tax reform plan found the proposed changes would likely benefit high-income earners and could save him tens of millions of dollars in taxes. But, their findings also revealed one way Trump could actually pay more taxes if his reform plan is approved.

More deductibles, more problems: Based on Trump's 2005 tax returns (the only documents available to the public), he could end up paying $3 to $5 million more in taxes for his deductions. That year he claimed more than $17 million in itemized deductibles — likely from his local and state income taxes while living in NYC, per the analysis — but only charity donations, mortgage interest, and retirement contributions would be deductible under his new plan.

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Updated 4 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 10,940,071 — Total deaths: 519,852 — Total recoveries — 5,705,326Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,732,639 — Total deaths: 128,651 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases.

Ousted former U.S. attorney for SDNY to testify before House Judiciary Committee

Berman in October 2019 in New York City. Photo: Johannes Eisele/AFP via Getty Images

Geoffrey Berman, the former U.S. attorney for the Southern District of New York, is scheduled to testify to the House Judiciary Committee next week on the circumstances of his forced resignation, Politico reports, citing a congressional aide.

Why it matters: As the top federal prosecutor in Manhattan, Berman oversaw high-profile cases that worried and angered President Trump and his inner circle, including an investigation into his personal lawyer Rudy Giuliani. His removal has added to allegations by Democrats that Attorney General Bill Barr has politicized the Justice Department under President Trump.

Stimulus outlook takes a hit even as coronavirus cases skyrocket

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The pandemic is getting worse, and the question is whether the economic recovery will go with it.

Why it matters: America adding 7.5 million jobs over the last two months pales in comparison to 20+ million lost over the two months prior.