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Treasury Secretary Steve Mnuchin said today that the White House is hoping tax reform can rally bipartisan support, but "if we can't get 60 votes we're prepared to use reconciliation to get it done... tax reform is Trump's number one priority."

At CNBC's Institutional Investor Delivering Alpha conference Tuesday morning Mnuchin also said he isn't sure the administration will be able to get the corporate tax rate down to 15%, as President Trump has vowed to do, given budget issues, but said they will get it lower. Meanwhile, he's "incredibly hopeful" they'll pass tax legislation by the end of the year.

Other takeaways:

  • On his relationship with Trump: "I feel comfortable telling him my ideas on things... he doesn't always agree... but I work for him."
  • On CEOs ditching Trump's business councils: "I personally think it was a mistake that the councils were disbanded." A Treasury Department spokesman later emailed Axios to say Mnuchin was referring to CEOs quitting councils due to disagreements, not to President Trump's decision to disband the councils.
  • Trump's debt ceiling deal with Democrats: "I give the president a lot of credit. We were in the middle of two hurricanes, we needed to get money to the states... he got out there and showed the American public we can put politics aside."
  • Hurricanes Harvey and Irma: "There clearly is going to be an impact on GDP in the short run," said Mnuchin, adding that the first round of aid was only a "down payment... we'll see what we need to spend."
  • Fed chair changes: Mnuchin dodged questions over whether Gary Cohn is being considered. Instead said the president hasn't made any decisions, but Janet Yellen "is being considered."
  • Health care reform: "The president still very much wants to get health care done. It's not the major focus at the moment."

Go deeper

Trump, your 2024 GOP nominee

Illustration: Shoshana Gordon/Axios

Former President Trump is telling most anyone who'll listen he will run again in 2024 — and poll after poll shows the vast majority of Republicans would gladly cheer him on and vote for him. 

Why it matters: Trump is the heart, soul and undisputed leader of the Republican Party and will easily win the nomination if he wants it, the polls make unmistakably clear.

Ina Fried, author of Login
47 mins ago - Technology
Column / Signal Boost

How smartphone cameras became the best cameras

Illustration: Sarah Grillo/Axios

For years, the smartphone has been the most convenient camera, and in recent years it has also become the easiest and most versatile camera. But this year's high-end smartphones have taken things to a new level — capturing images that would be either tough or impossible even with a high-end digital camera.

Between the lines: Traditional cameras have the advantage of bigger sensors and better lenses, but smartphone cameras are rivaling and even surpassing them by tapping computational power.

The rise of vegan food in unexpected places

Illustration: Sarah Grillo/Axios

Vegan cuisine is popping up in two places it wasn't present before: fine dining and fast food.

Why it matters: The single biggest way an individual can reduce their carbon footprint is to eat less meat and dairy. Now, the popularization of meatless meals could help curb meat consumption in the U.S.

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