Evan Vucci)/AP

Treasury Secretary Steve Mnuchin is hard at work on the Trump Administration's tax plan, which he says could come by August, according to interviews Thursday with the Wall Street Journal and CNBC. Mnuchin says that tax reform, along with other Trump policies, can move the U.S. back to its postwar average of sustained 3% growth. But given a slower-growing population and recent weak productivity growth, economists are skeptical that such a goal is realistic.

The most important thing: Mnuchin tells CNBC that the Administration's economic growth projections will diverge from the Congressional Budget Office's, setting the stage for conflict over the future effects of tax reform. Current Senate rules dictate that to use the budget reconciliation process — which would enable tax reform to be passed with 51 votes — a bill must be at least deficit neutral over 10 years. How optimistically the CBO and the Joint Economic Committee projects the effect of Trumps policies on growth and therefore tax receipts will be a decisive factor in the composition of tax reform.

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3 hours ago - Health

Fauci says if people won't wear masks, maybe it should be mandated

Anthony Fauci. Photo: Graeme Jennings- Pool/Getty Images

NIAID director Anthony Fauci told CNN on Friday evening that if "people are not wearing masks, then maybe we should be mandating it."

Why it matters: Fauci made the comments the same day the U.S. hit its highest daily COVID-19 case count since the pandemic began.

Harris to Black voters: Casting a ballot is about honoring your ancestors

Democratic vice presidential nominee Kamala Harris speaks at a "Get Out The Vote" rally at Morehouse College. Photo: Elijah Nouvelage/AFP via Getty Images

Sen. Kamala Harris appealed to Black voters in Georgia on Friday, urging them to "honor the ancestors" by casting ballots, and again calling President Trump a "racist."

Why it matters: The U.S. saw a significant decline in African-American voter turnout between 2012 and 2016, reaching its lowest point since 2000. Higher turnout among Black Americans this year could tip the balance in favor of Democrats in key battleground states, including Georgia.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci: Trump hasn't been to a COVID task force meeting in months.
  2. Sports: The youth sports exodus continues — Big Ten football is back.
  3. Health: U.S. hits highest daily COVID-19 case count since pandemic began —AstraZeneca to resume vaccine trial in U.S.How to help save 130,000 lives.
  4. Retail: Santa won't greet kids at Macy's this year.
  5. World: Spain and France exceed 1 million cases.