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Chuck Kennedy / Axios

Sen. Joe Manchin (D-W.Va.), speaking with Mike Allen at an Axios event about bipartisanship in Washington, said some Democrats —including him — might vote for President Trump's tax cuts, but that the plan would have to change.

"I don't think this is his tax policy," Manchin said. "He and I were talking and the President said, 'Joe, this is not going to be a tax cut for the rich. People like me.' And I said, 'Mr. President, that is a great place to start.'"

Why it matters: As a red-state Democratic senator, Manchin is a prime candidate to vote with Republicans on tax reform. These comments show he'll insist on changes.

More Manchin:

  • On Trump's attitude toward bipartisanship: "He's much more comfortable doing a bipartisan deal than holding the partisan line."
  • Manchin called for "60 Minutes" opioid whistleblower and former DEA agent Joe Rannazzisi to be the White House drug czar (Trump's previous pick was bounced as a result of the CBS report): "The drug czar has to be somebody that has the expertise, has the medical background and has been personally involved."
  • What needs to change in Washington: 1. No more fundraising against fellow sitting members of Congress. 2. "Change the way we redistrict...Use a computer-driven model that gives us more balance."
  • What he told Senate Majority Leader Chuck Schumer: "Chuck, if people like me can't get elected, you'll never be in the majority."

Other guests at the event...Rep. Carlos Curbelo (R-Fla.):

  • On Trump: "I'm not obsessed with the President. There are those for and against him who are obsessed with him. I don't think that's healthy."
  • On bipartisanship: "Once we have a couple bipartisan wins, Congress can be conditioned into this kind of behavior."

Rep. Josh Gottenheimer (D-N.J.):

  • On House Democrats voting for tax cuts: "A lot of us want to get there." He said it's a regional issue, based in part on preserving the state and local tax deduction.
  • On chances of bipartisan Alexander-Murray health care bill passing: "I'm actually pretty optimistic."

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.