Enemies of Paul Ryan's border adjusted corporate income tax (BAT), from retailers to conservative think tanks, have been mustering forces in recent weeks, arguing that the tax would hurt consumers while doing little to boost domestic employment.

But that tax reform, which would raise rates on importers while lowering taxes on exporters, does still have its supporters, including the CEOs of manufacturing firms like Boeing, Caterpillar, United Technologies, and Raytheon. Those executives cosigned a letter to lawmakers Tuesday along with 12 other industry leaders, supporting the tax as a "big and bold" reform that would "level the playing field for American workers" and "dramatically reinvigorate economic growth."

Why it matters: BAT supporters know that given opposition in Congress, supporters need the White House to weigh in in favor. The best way to do that is to frame the tax as a nationalist policy that would support American workers at the expense of foreign countries and multinational firms.

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 10,920,457 — Total deaths: 522,385 — Total recoveries — 5,789,032Map.
  2. U.S.: Total confirmed cases as of 12 p.m. ET: 2,753,754 — Total deaths: 128,871 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  6. States: Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.
3 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.

Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.