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Pixabay / Creative Commons

Capitol Hill will be consumed by Obamacare for the foreseeable future but this week is a big one, with House committees expected to mark up the first legislative text. Committees responsible for the health-care bill — led by Ways and Means chair Kevin Brady and Energy and Commerce chair Greg Walden — worked over the weekend with the White House "to tie up loose ends and incorporate technical guidance from the administration," a senior GOP aide tells me.

There was a weekend call with the big players crafting the policy: Speaker Ryan, Walden, Budget Director Mick Mulvaney, HHS Secretary Tom Price, White House senior policy hand Andrew Bremberg, and others. Outstanding issues, still being worked through by the committees:

  • Design of the tax credits: We're told that Republicans are going to put an income cap on the tax credits. This helps bring down costs — a top GOP priority — and will ensure that the super-rich aren't getting financial assistance they don't need.
  • Tweaking coverage: We're told that the early estimates about how many people would be covered by the healthcare plan were pretty bad. Republicans have been tweaking the plan to ensure that the coverage gets better.

Go deeper

60 mins ago - World

Iran agrees to resume Vienna nuclear talks in November

Ali Bagheri (R) with Enrique Mora in Tehran on Oct. 14. Photo: Iranian Foreign Ministry handout via Getty

Iran's new chief nuclear negotiator said following a meeting in Brussels on Wednesday that Iran would resume negotiations in Vienna before the end of November, with the exact date to be set next week.

Why it matters: The Vienna talks have been frozen since Iran's new hardline president, Ebrahim Raisi, was elected in June. This is the most direct commitment from Raisi's government to return to the negotiating table.

Dan Primack, author of Pro Rata
6 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

COP26 head warns Glasgow summit will be "harder than Paris"

Alok Sharma, U.K. COP26 president, in Milan on Sept. 30, 2021. Photo: Stefano Guidi/Getty Images

U.K. COP26 President Alok Sharma told reporters Tuesday that the upcoming talks in Glasgow, widely viewed as the last chance to avoid some of the worst consequences of global warming, will be extremely difficult.

Driving the news: Sharma sought to temper expectations and note that the agenda features some of the toughest items that negotiators have punted on at previous summits.