Investors are waiting patiently for the corporate tax cut President Trump promised them, but they may not love the final product.

House Republicans have been pushing for a border-adjusted corporate tax, which would enable lowering the headline rate by raising taxes on imports. But some lawmakers are skeptical because such a scheme would pinch retailers and consumers. As an alternative, Senator Ron Johnson of Wisconsin has proposed raising revenue by taxing investors for their share of corporate profits, per the Wall Street Journal.

No free lunches: Trading corporate taxes for those on shareholders makes sense—investors are the ultimate beneficiary for corporate profits. But if the goal is to promote more investment, higher taxes investors won't do the trick, as they make it more difficult to raise capital in the stock market.

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Child care crisis is denting the labor market

Reproduced from Pew Research Center; Chart: Axios Visuals

New data from the Pew Research Center shows that parents are being hit especially hard by the coronavirus pandemic, and as far as job losses go, mothers and fathers are faring equally poorly.

Why it matters: Economists have been warning for months that the pandemic could do long-term damage to the economy as people remain unemployed for longer stretches of time.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Trump-Biden venom on display during final debate

Photos: Brendan Smialowski/AFP via Getty Images; Jim Watson/AFP via Getty Images

Joe Biden twice referred to President Trump as "this guy," and Trump called the former vice president's family "like a vacuum cleaner" for foreign money.

Why it matters: The personal venom — during Thursday's final presidential debate, in Nashville — was a reminder that even during a more normal debate, nothing this year is normal.

Dave Lawler, author of World
3 hours ago - World

Special report: Trump's hopes of nuclear deal with Putin come down to the wire

Illustration: Lazaro Gamio/Axios

A surprise offer from Vladimir Putin has the U.S. and Russia once again circling a potential pre-election nuclear deal.

The big picture: The last treaty constraining the U.S. and Russia, New START, is due to expire on Feb. 5, 2021, two weeks after the next U.S. presidential inauguration. For the first time since the height of the Cold War, the nuclear guardrails could come off.