Stef Kight / Axios

Treasury Secretary Steve Mnuchin, in a conversation with me yesterday morning at the debut Axios News Shapers event, said the administration will plunge into whole-hog tax reform: "We're reforming both the personal and the corporate side. We're not cutting this up and doing little pieces at a time."

  • Mnuchin slid a bit on his earlier vow to finish tax reform by the August recess, saying that's always been the optimistic goal: "And if we don't, we'll get it done right afterwards." When I asked him if that meant it'd be done by fall, he replied: "Absolutely."
  • On tackling another complex issue after health care: "In a way, it's a lot simpler. It really is. It's a lot simpler because the goals of tax reform ... creating a middle-income tax cut, about creating personal tax simplification, and making U.S. businesses competitive. ... I think there is very, very strong support."
  • I asked him: "Pretend that I shop or work at Walmart. Make the case to me that the border adjustment tax is good for me." He didn't: "[T]here's certain aspects of that tax that are attractive, and there's certain aspects ... that are concerning. ... [O]ne of our concerns about it is that if the currency moves, then the Walmart shopper shouldn't be impacted. OK. But if the currency moves, that has an impact for our exporters."

Go deeper

10 hours ago - Health

15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
11 hours ago - Health

In photos: America celebrates July 4 during global pandemic

Photo: Francine Orr/Los Angeles Times/Getty Images

The U.S. has already celebrated Easter, graduations and so much more during the coronavirus pandemic, and now it can add July 4 to the list.

The state of play: Axios' Stef Kight writes public parades and fireworks displays around much of the country are being canceled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.