Rep. Frank Lucas. Photo: Bill Clark/Getty Images

Washington would double the amount of federal funding in basic science research per a new proposal by Oklahoma Rep. Frank Lucas, the top Republican on the House Science and Technology Committee, as a way to address climate change.

The big picture: Lucas' policy as part of House Republicans’ broader efforts on the matter is far narrower than the sweeping draft legislation Democrats unveiled Tuesday that aims to slash emissions over the next 30 years.

Driving the news: Lucas’ legislation, introduced Tuesday, would increase basic science research funding from roughly $16 billion to $32 billion over 10 years.

  • It’s unclear how much of that funding would go toward reducing emissions.
  • The focus of Lucas’s bill is as much on ensuring America’s leadership in science and technology as climate change itself.

Why it matters: While the policy is unlikely to pass with Democrats controlling the House, it is nonetheless the latest concrete policy we can expect Republicans to push as they face pressure from voters to acknowledge and address climate change.

What they’re saying: Lucas, like nearly all congressional Republicans, rejected the idea that Washington should pass a carbon tax as a “stick” to push clean-energy technologies, as opposed to continuing to rely on “carrot” policies incentivizing new tech.

“A lot of folks I work with advocate carbon taxes, rules and regulations — all sorts of ways to compel consumers to do things that are at least in the short- and medium-term not in their best economic interest. ... I just fundamentally believe that’s not the direction that will ultimately get to where we and the world wants to go.”
— Frank Lucas said in an exclusive interview previewing the bill

Go deeper: What’s in Republicans’ new climate-change push

Go deeper

Judge orders Eric Trump to testify in New York probe before election

Photo: Ira L. Black/Corbis via Getty Images

A judge on Wednesday ordered Eric Trump to comply with a subpoena to testify in a New York probe into his family business before the presidential election.

The state of play: New York Attorney General Letitia James (D) last month said her office had filed a lawsuit to compel the Trump Organization to comply with subpoenas related to an investigation into whether President Trump and his company improperly inflated the value of its assets on financial statements.

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Reid Hoffman and Mark Pincus on the rise of Silicon Valley SPACs

Silicon Valley venture capitalists are no longer content with investing in startups and then eventually handing them off. Instead, many are now forming SPACs, or blank-check acquisition companies, to ride tech unicorns into the public markets themselves.

Axios Re:Cap digs into this trend with the co-founders of a new tech SPAC called Reinvent Technology Partners: Reid Hoffman, a co-founder of LinkedIn and partner at Greylock, and Mark Pincus, the founder and former CEO of Zynga.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:30 p.m. ET: 31,717,955 — Total deaths: 973,014 Total recoveries: 21,795,005Map.
  2. U.S.: Total confirmed cases as of 2:30 p.m. ET: 6,913,046 — Total deaths: 201,319 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Fauci clashes with Rand Paul at COVID hearing: "You're not listening" — FDA chief vows agency will not accept political pressure on coronavirus vaccine.
  5. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  6. Sports: Less travel is causing the NBA to see better basketball.

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