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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Jamie Dimon. Photo: Neal Rothschild / Axios

The Republican tax plan that will cut U.S. coporate taxes will create jobs because "ultimately you're going to have a lot more capital retained and invested here," JPMorgan Chase CEO Jamie Dimon said at an Axios event Wednesday at the University of Michigan. Dimon said current tax rate is "a mistake" because other nations have reduced taxes while the U.S. hasn't.

Why it matters: Republicans are nearing a final agreement on tax legislation to cut corporate rates from 35% to 21%. Some economists have warned the increased corporate profits wouldn't be used to create jobs but that companies would use the money to reward investors

Go deeper: Details on the final tax bill.

Go deeper

40 mins ago - Technology

Facebook bans Myanmar military

A protester holds a placard with a three-finger salute in front of a military tank parked aside the street in front of the Central Bank building during a demonstration in Yangon, Myanmar. Photo by Aung Kyaw Htet/SOPA Images/LightRocket via Getty Images

Facebook said on Wednesday it would ban the rest of the Myanmar military from its platform.

The big picture: It comes some three weeks after the military overthrew the civilian government in a coup and detained leader Aung San Suu Kyi, causing massive protests to erupt throughout the country. Military leaders have been using internet blackouts to try to maintain power in light of the coup.

It's harder to fill the Cabinet

Data: Chamberlain, 2020, "United States of America Cabinet Appointments Dataset" Chart: Will Chase/Axios

It's harder now for presidents to win Senate confirmation for their Cabinet picks, an Axios data analysis of votes for and against nominees found.

Why it matters: It's not just Neera Tanden. The trend is a product of growing polarization, rougher political discourse and slimming Senate majorities, experts say. It means some of the nation's most vital federal agencies go without a leader and the legislative authority that comes with one.

Exclusive: Hundreds of kids held in Border Patrol stations

Migrants cross the Rio Bravo to get to El Paso, Texas. Photo: Herika Martinez/AFP via Getty Images

More than 700 children who crossed from Mexico into the United States without their parents were in Border Patrol custody as of Sunday, according to an internal Customs and Border Protection document obtained by Axios.

Why it matters: The current backup is yet another sign of a brewing crisis for President Biden — and a worsening dilemma for these vulnerable children. Biden is finding it's easier to talk about preventing warehousing kids at the southern border than solving the problem.

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