Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Trump, escorted by Senate Majority Leader Mitch McConnell, R-Ky., left, arrived on Capitol Hill to have lunch this October. Photo: J. Scott Applewhite
The Senate GOP tax plan will propose to delay a corporate tax rate cut from 35% to 20% until 2019, breaking with Trump's preference that those cuts be effective immediately, The Washington Post reports, citing "four people briefed" on the plan. That also breaks with the House GOP plan, which would lower the rate next year.
Senators were briefed this morning on the Senate tax overhaul, which is expected to be introduced later Thursday. Separately, Sen. Bill Cassidy told reporters the Senate plan won't repeal the Affordable Care Act's individual mandate.
What it means: The delay on the corporate rate cut could lower the tax plan's cost by more than $100 billion, the paper says. Both House and Senate Republicans are working to keep the cost of their plans within the $1.5 trillion limit set by the budget.
(The first sentence of this article has been corrected to show the cut is to 20% not 30%.)