Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sen. Mitt Romney

Sens. Mitt Romney (R-Utah) and John Hoeven (R-N.D.) told President Biden Monday they are opposed to increasing the corporate tax rate to pay for his proposed $2.25 trillion infrastructure package, according to people familiar with the matter.

Why it matters: The opposition from Romney and Hoeven, the only two Republican senators in Monday’s bipartisan Oval Office meeting, suggests Biden is going to have a difficult time finding any Republican support to pay for his road, bridge and health care spending proposals by increasing corporate rates.

  • The White House is still looking for evidence there are any Republicans willing to entertain some of the president’s proposals, including Biden’s plan to raise the corporate rate from 21% to 28%.
  • If administration officials conclude Republican senators are only interested in drawing red lines, they may be more inclined to pursue a purely partisan path and look for 50 Democratic votes in the Senate to pass a bill via the budget reconciliation process.
  • The president himself told reporters at the outset of the meeting: “I am prepared to compromise, prepared to see what we can do and what we can get together on.”

What they are saying: While both Romney and Hoeven are in favor of an infrastructure package, they sat they want to see a more targeted payment mechanism – gas taxes and user fees – to help fund individual projects.

  • “There is broad support for infrastructure, and I believe a bipartisan bill is possible, but we need to find agreement to make these updates in a targeted way that doesn’t raise taxes,” Hoeven said in a statement.
  • “I know that my Democratic friends are more inclined to look for the general revenue fund for taxpayers to pick up the bill, but my inclination is more towards the people who actually use a facility to be the ones that pay for it,” Romney told reporters on Capitol Hill.

Behind the scenes: Biden began the meeting by yielding the floor to Maine's Sen. Angus King, an independent who caucuses with the Democrats and a was once public television host.

  • King ensured that everyone in the room had an opportunity to air the views and explain their positions.
  • Romney acknowledged as much and praised the president. “He was in listening mode, and, and was gracious to solicit our respective points of view,” he said.

The bottom line: Negotiations between Senate Republicans and the White House are just beginning, but their opening positions are miles apart.

  • The vast distance gives partisan Democrats more space to argue to Biden that he should pursue a deal via reconciliation and not bother trying to bring Republicans along.

Go deeper

Jul 29, 2021 - Politics & Policy

Infrastructure bills face House chaos

Rep. Hakeem Jeffries arrives for a House vote last month. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

The infrastructure agreement cinched Wednesday by senators faces several changes in the House before it — and a companion reconciliation bill — have any chance of becoming law.

Why it matters: The myopic focus on the bipartisan group of Senate negotiators overlooks House progressives and others ready to pounce. They have the ability to quash any deal, given the narrow Democratic margins not only in the Senate but also the House.

$1.2 trillion "hard" infrastructure bill clears major procedural vote in Senate

Photo: Kevin Dietsch/Getty Images

The Senate voted 67-32 on Wednesday to advance the bipartisan $1.2 trillion infrastructure bill.

Why it matters: After weeks of negotiating, portions of the bill remain unwritten, but the Senate can now start debating the legislation to resolve outstanding issues.

Jul 29, 2021 - Politics & Policy

First look: Biden adviser Donilon touts infrastructure deal

Mike Donilon. Photo: Drew Angerer/Getty Images

One of President Biden’s closest advisers, Mike Donilon, believes swing voters want Congress to pass the $1.2 trillion bipartisan infrastructure deal, and embrace solutions where the two parties "meet in the middle,” according to a memo first reported by Axios.

Why it matters: While Biden has faced doubters — especially in his own party — about his ability to work with Republicans, a core group of advisers, including Donilon, is convinced the president’s political fortunes rest on his ability to transcend partisanship.