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Carolyn Kaster / AP

Speaker of the House Paul Ryan and Vice President Mike Pence both addressed the National Association of Manufacturers' 2017 Manufacturing Summit this afternoon with a clear commitment to pass massive tax reform before the end of the year.

  • Ryan: "We are going to get this done in 2017…because we have to get this done in 2017. We cannot let this once-in-a-generation moment pass us by."
  • Pence: "We're going to pass the largest tax cut since the days of Ronald Reagan, and we're going to do it this year."

The big goals: Consolidating the current seven tax brackets into three, eliminating the alternative minimum tax and estate tax, implementing a new territorial system that doesn't tax overseas income for businesses, creating a new lower tax level specifically for small businesses, and using savings from closing loopholes to lower taxes for everyone.

More from Ryan:

  • His personal goal for tax reform: He thinks it can get done by the Saturday before Thanksgiving. "We really think it's very, very much doable to get this done by the fall."
  • His lofty rhetoric: "Once in a generation or so, there is an opportunity to do something transformational — something that will have a truly lasting impact long after we are gone. That moment is here, and we are going to meet it."
  • What can come from his tax plan: "We have to fix all of it, both for individuals and businesses because this will create jobs. This is what this is all about: jobs, jobs, jobs."

More from Pence:

  • To the manufacturers: "Manufacturers make America — and they make America great…you're woven into the very fabric of American life and you're woven into our future, too."
  • On infrastructure: "Before we're done in seven and a half years, President Donald Trump is going to rebuild the infrastructure of the United States of America."
  • Defense and manufacturing: "I want to assure you that you have a president who understands that we do not build Navy ships and aircrafts and the weapons that defend our freedom — we do not fill the arsenal of democracy — without American manufacturing."

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Illustration: Shoshana Gordon/Axios

  1. Health: CDC director says number of U.S. Omicron cases "likely to rise" — Two years of COVID-19 — Prior coronavirus infections may not protect well against Omicron.
  2. Vaccines: Data demonstrates most-vaccinated counties less vulnerable to worst of COVID — Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters.
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  4. World: Vaccine mandates lose steam in the U.S. while Europe doubles downWHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming.
  5. Variant tracker: Where different strains are spreading.
Updated 2 hours ago - Politics & Policy

Bipartisan tributes flood in for "giant of the Senate" Bob Dole

Then-Vice President Joe Biden and former Sen. Bob Dole at an event put on by the World Food Program where he was awarded the first “McGovern-Dole Leadership Award” in December 2013. Photo: Douglas Graham/CQ Roll Call

Republican and Democratic politicians, including former Senate colleagues, are sharing condolences and memories commemorating the life of Bob Dole, who passed away at 98 on Sunday morning.

The big picture: Dole, the Republican presidential nominee in 1996, was the longest serving Republican leader in the Senate until 2018, when current Senate Minority Leader Mitch McConnell surpassed his record.

Former Sen. David Perdue to launch bid for Georgia governor

Photo: Megan Varner/Getty Images

Former Senator David Perdue (R) plans to announce a campaign against Georgia's incumbent Republican Gov. Brian Kemp Monday, according to a source familiar with Perdue's thinking.

Why it matters: Perdue's challenge to his former ally Kemp sets up an unprecedented "scorched earth" battle between Georgia Republicans fueled by former President Donald Trump, in the battleground state. The news was first reported by Politico.