Sen. Orrin Hatch, R-Utah on Captiol Hill. Photo: J. Scott Applewhite / AP File

Senate Finance Committee chairman Orrin Hatch, one of the "Big Six" tax negotiators, says tax reform will take a lot of cooperation between the Democrats and Republicans. Why? Because once it reaches the floor for a vote, there will be "doubling and tripling of the ideas of people who have been waiting for a long time... [to] put their own ideas and imprint on it."

Other highlights from his interview with CNBC's Ylan Mui:

  • What will happen if Congress lets it slip into 2018? "[I]f it does, it does but I actually believe we know enough about it that we can do it in 2017."
  • On Trump's goal of a 15% corporate tax rate: "I sincerely doubt we'll be able to get that level on the corporate tax rates. But, you know, we have to bring them down..."

Go deeper: The next steps for tax reform (and why GOP is still stuck)

Go deeper

Trump says he'll accept nomination at White House or Gettysburg

Trump at the 2016 Republican National Convention. Photo: Bill Clark/CQ Roll Call via Getty Images

President Trump tweeted Monday that he'll deliver his speech accepting the Republican nomination for president at either the Gettysburg battlefield in Pennsylvania or at the White House.

The state of play: Republican National Convention planners are looking for a new venue for the president to deliver his acceptance speech after convention events were canceled in Jacksonville, Fla., due to coronavirus concerns.

2 hours ago - World

Lebanon's prime minister resigns in wake of deadly explosion

Protests in Beirut. Photo: Maxim Grigoryev/TASS via Getty

Lebanon's prime minister and cabinet have resigned amid massive protests in the aftermath of a deadly explosion in Beirut that killed more than 160 people, injured 6,000 and left roughly 250,000 homeless.

Why it matters: Protesters blame the incompetence of the ruling elite — widely viewed as corrupt — for the disaster. The unstable and deeply distrusted government will remain in place in a caretaker capacity until a new prime minister is selected.

Updated 2 hours ago - World

Protests erupt in Belarus after "Europe's last dictator" claims election win

Protesters and riot police clash in Minsk, Belarus, on Sunday during a demonstration against President Alexander Lukashenko's claim of a landslide victory. Photo: Misha Friedman/Getty Images)

Riot police clashed with protesters in Belarus overnight after a government exit poll predicted Sunday President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had overwhelmingly defeated a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic threaten to topple "Europe's last dictator." Rights groups said at least one protester was killed and dozens more wounded in a "police crackdown," per AP.