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Republican Sen. Marco Rubio. Photo: Joe Raedle/Getty Images

Republican Senator Marco Rubio acknowledged in an interview with The Economist that the GOP tax cuts may not be as beneficial to the American worker as Republicans are painting it to be.

"There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers. In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”
— Sen. Marco Rubio

Why it matters: This is a message that several Democrats have been pushing hard, and getting backlash for, in an attempt to detract from the GOP's lead play ahead of the midterm elections. Republicans are betting on the positive effects of the tax law to retain their congressional majority. It's the biggest legislative victory the party has to show for their time in office so far.

Be smart: If other GOP lawmakers join Rubio in pointing out that the bill may not be as helpful to the average American worker as the party is portraying, it could have a massive impact on Republican voter sentiment in the lead up to November.

Don't forget: Minority Leader Nancy Pelosi has faced intense backlash, even from those in her own party, for repeatedly describing the bonuses companies are doling out to employees thanks to the tax cut as "crumbs."

Go deeper

Dion Rabouin, author of Markets
28 mins ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Ina Fried, author of Login
2 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.