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%.)

Go deeper

8 hours ago - Health

15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
9 hours ago - Health

In photos: America celebrates July 4 during global pandemic

Photo: Francine Orr/Los Angeles Times/Getty Images

The U.S. has already celebrated Easter, graduations and so much more during the coronavirus pandemic, and now it can add July 4 to the list.

The state of play: Axios' Stef Kight writes public parades and fireworks displays around much of the country are being canceled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.