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GOP leaders want to keep taxes and health care separate. Photo: J. Scott Applewhite / AP

A key Senate committee this morning laid the groundwork for a party-line overhaul of the tax code, but not another attempt to repeal the Affordable Care Act.

Why it matters: Some conservatives had hoped to combine health care and tax reform. But many Republicans, especially in leadership, feared that would make it impossible to pass either one. The outline released this morning would delay another run at health care until the tax rewrite effort is finished.

The details: Budget resolutions are the vehicle that allows the Senate to pass certain measures with a simple majority, rather than needing 60 votes. The Senate Budget Committee this morning released its proposed resolution for the 2018 fiscal year, and included instructions for up to $1.5 trillion in tax cuts, but not a health care overhaul.

  • The budget would allow the Senate Finance Committee to make changes to the health care system, which could include some elements of the ACA. But the document doesn't mention the Senate HELP Committee, which shares jurisdiction over the ACA and would likely need to be involved for a full-scale repeal effort.

Go deeper

1 hour ago - Health

U.S. surpasses 25 million COVID cases

A mass COVID-19 vaccination site at Dodger Stadium on Jan. 22 in Los Angeles, California. Photo: Mario Tama/Getty Images

The U.S has confirmed more than 25 million coronavirus cases, per Johns Hopkins data updated on Sunday.

The big picture: President Biden has said he expects the country's death toll to exceed 500,000 people by next month, as the rate of deaths due to the virus continues to escalate.

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.