Donald Trump

What we're reading: Sinclair's quiet conservative media takeover

Sinclair broadcasting group sign.
uiPhoto: Win McNamee/Getty Images.

As consolidation in the media industry has reduced the number of news outlets over the past decade, Sinclair media has managed to imprint its political influence by focusing on local TV markets, writes the New Yorker's Sheelah Kolhatkar in "The Growth of Sinclair’s Conservative Media Empire."

Why it matters: Local news is trusted more than national news, per a poll from the Pew Research Center. As the largest owner of TV stations in the U.S., Sinclair reaches nearly 40% of American viewers with its 192 stations in 89 markets. "Sinclair has largely evaded the kind of public scrutiny given to its more famous competitor, Fox News."

Trump looking at "major tax cut" ahead of midterms

Making an audacious pre-midterm promise, President Trump told reporters in Nevada on Saturday that he is working with Republican congressional leaders on "a very major tax cut for middle-income people," to be announced in early November or just before.

The big picture: Trump has been promising major tax cuts since his presidential campaign. Axios' Jonathan Swan explains that although Congress could technically pass a tax cut in the lame duck session, Trump's proposal has no chance of passing any time soon. He can only announce such a move ahead of the midterms as Congress will remain out of session until after the election, which is just 16 days away.