Oct 25, 2017

Axios PM

By Mike Allen
Mike Allen

You're invited ... Kasie Hunt, NBC News Capitol Hill correspondent and host of MSNBC's "Kasie D.C.," will join me tomorrow (Thursday) at 8 a.m. for a fast-paced Axios event in downtown D.C.: "Party wars! Is progress still possible?" My other guests will be Sen. Joe Manchin (D-W.Va.); Rep. Carlos Curbelo (R-Fla.), co-chair of the Future Caucus, aimed at millennials; Rep. Josh Gottheimer (D-N.J.), co-chair of the Problem Solvers Caucus; and Axios Media Trends expert Sara Fischer.

RSVP here — look forward to having breakfast with you.

1 big thing: The million dollar bracket picks up steam

Just posted in the Axios stream by Jonathan Swan:

  • "Kevin Brady, the chairman of the powerful tax-writing House Ways and Means Committee, has been telling allies that he doesn't like the idea of creating a fourth bracket but he's probably going to have to do it because Republicans are losing so much money from other concessions."
  • "In a closed-door meeting with conservative leaders on Wednesday, Brady left himself some wiggle room. He did not specify that the top rate would likely stay at 39.6% for income over $1 million a year, as Axios scooped over the weekend. The direction Brady gave them was there was likely to be a fourth bracket, though there could be a 1 or 2 percentage point cut to 37 or 38%. One source familiar with the meeting described the move as 'symbolic.'"
  • "Bottom line: The million-dollar bracket is less about politics and much, much more about scrapping for some extra cash to pay for tax cuts."

Go deeper: Swan takes you inside the room.

2. Tweet du jour
3. What you missed
  1. Breaking: The Trump administration does not need to resume paying the Affordable Care Act's cost-sharing subsidies, a federal judge ruled today.
  2. North Korean official wants U.S. to take threats "literally." Details.
  3. Trump claims media treats him unfairly: "I went to an Ivy League college. I was a nice student. I did very well. I'm a very intelligent person." Video.
  4. A new way to ease traffic: In Pittsburgh and Atlanta, drivers are now more systematically moving along major streets, the result of the installation of intelligent traffic systems. Check it out.
  5. Apple pushes back on Face ID claims: "Bloomberg's claim that Apple has reduced the accuracy spec for Face ID is completely false..." The background.
  6. Bonus: "I haven't decided to run. But I've decided I'm not going to decide not to run. We'll see what happens." Joe Biden on 2020.
4. 1 neat thing

"Scientists have used fossils to discern how some of Earth's earliest trees called cladoxylopsids, which helped to jumpstart the planet's earliest forests about 374 million years ago, actually managed to grow." Dive in.

Mike Allen