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Photo: Pablo Martinez Monsivais / AP

With the release of the Senate's plan yesterday, tax cuts are off to a stronger start than health reform's fraught debut earlier this year.

The bottom line: You've got high top rates on wealthy people, a concession to the left — yet tons of loopholes and crony tax breaks. Even Republicans who have been skeptical all year about tax reform's prospects say they see glints of momentum.

The reasons:

Sheer political panic: This may be Republicans' only chance to hold onto the House. GOP leaders, especially Speaker Ryan, are under no illusions — particularly not after the results in Virginia.Donor pressure: As members and senators have admitted out loud, donors won't be returning phone calls if united GOP government can't deliver tax reform.The Roy Moore factor: Senators were already nervous about this unpredictable, anti-establishment figure entering the Senate in the new year. His election is on Dec. 12. Now, with yesterday's molestation accusations, Republicans can foresee a scenario in which he loses to a Democrat in Alabama!The upshot: The GOP must pass tax reform before "the Roy Moore line," says a source close to leadership.Republicans understand and care far more about cutting taxes than they ever did — despite seven years of sloganeering — about overhauling Obama's Affordable Care Act.Be smart: Despite the "so far, so good" start, expensive concessions will still have to be added to bring around resistant business interests. Expect more stuffing in this bird.

Go deeper

Why human resources job postings are spiking

Expand chart
Data: Indeed; Chart: Axios Visuals

Human resources job postings are up 52.5% from their pre-pandemic baseline. That's far outpacing the average job posting bump of 30.5%, according to data from the jobs site Indeed.

What's happening: Companies are beefing up their HR departments to navigate the return to work.

The future of weddings is hybrid

Illustration: Sarah Grillo/Axios

The post-pandemic obsession with hybrid events and classrooms and offices is coming to weddings too.

Why it matters: The average wedding in the U.S. costs about $30,000, and the biggest cost comes down to headcount. The pandemic ushered in a new way of celebrating the big day, with the nearest and dearest in attendance and the rest on Zoom — and that model will outlast the pandemic itself.

NBC readies streaming push for Tokyo

NBCUniversal

NBCUniversal will stream some of the most popular Olympics sporting events exclusively on its new streaming service Peacock, executives said Wednesday.

Driving the news: Most notably, USA Men’s Basketball live coverage will be available only to subscribers of Peacock's premium paid tier.