Photo: Cheriss May/NurPhoto via Getty Images.

More Americans continue to disapprove (46%) than approve (39%) of last year's sweeping tax overhaul bill signed into law by President Trump, according to a new poll by Gallup.

Why it matters: Trump promised that trillions of dollars would quickly follow the passing of the Tax Cuts and Jobs Act, but so far, only $143 billion of the estimated $2.7 trillion returns have repatriated after Trump's tax cuts. Additionally, the tax cuts had a hand in the national deficit increasing by 20% last year, per a previous Axios report.

According to the poll: 64% say they have not seen an increase in their take-home pay.

  • 51% say cuts haven't helped financially; 38% say they have.
  • Democrats' approval of the law is 8%, and Republicans' is 76%.

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Florida fully lifts coronavirus restrictions on restaurants

Photo: Don Juan Moore/Getty Images

Florida Gov. Ron DeSantis (R) announced Friday the state will completely reopen its economy, allowing restaurants at operate full capacity and barring localities from ordering businesses to close.

Why it matters: The state became one of the world's epicenters for the virus in July, forcing DeSantis to pause its first round of reopening.

2 hours ago - Economy & Business

Eyeing the end of gas-powered cars

Illustration: Eniola Odetunde/Axios

Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.

The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.

Virginia Gov. Ralph Northam tests positive for coronavirus

Photo: Zach Gibson/Getty Images

Virginia Gov. Ralph Northam (D) and his wife, Pamela, both tested positive for coronavirus, his office announced on Friday.

The state of play: The Northams were tested after one of their staff "who works closely within the couple's living quarters" tested positive. The governor is asymptomatic, while his wife is "experiencing mild symptoms." They plan to isolate at home for 10 days.

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