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House Ways and Means Chairman Kevin Brady. Photo: Alex Brandon / AP

Republican House members tell me that the most politically explosive issue, by far, in the tax plan to be released tomorrow is the over-complicated treatment of "pass-through entities" (often small businesses that report business income on personal returns). Some influential Republican House members are saying final language on the tax bill's treatment of those situations will disadvantage some small firms and could imperil GOP support for the plan.

"This is supposed to be a simplification. It's not," a House GOP member told me. "It's going to be the most explosive thing once members hear about it."Why this matters: Pass-through entities — many of which are small businesses — are a big faction of Republican supporters. The White House and House leadership knows this provision will be problematic with some members.Other things I can confirm:The House tax bill will not repeal the individual Obamacare mandate, even though it would bank them a good chunk of change and even though President Trump called for it today.Corporate rate cut to 20 percent will be permanent, even though the Ways and Means Committee flirted with making the corporate cuts temporary. (That would've been a big political problem.)The expansion of the child tax credit — an Ivanka Trump priority — made it into the bill.The bill repeals the estate tax — though it's phased in.And after much angst, Republican tax-writers have decided there's too much political pain in meddling with 401k retirement benefits.

Go deeper

Biden says he raised human rights issues in Putin summit

President Biden with Russian President Vladimir Putin in Geneva, Switzerland, on June 16. Photo: Mikhail Metzel\TASS via Getty Images

President Biden said he raised issues including nuclear arms control, cybersecurity, election interference and violations of human rights in Russia in his meeting with Vladimir Putin in Geneva on Tuesday.

What he's saying: "My agenda is not against Russia or anybody else. It's for the American people," Biden said at a press conference following the summit, which was shorter than expected.

Southwest heat wave intensifies, breaks records and worsens drought

A temperature "misery index" shows peak levels across the Southwest (orange and yellow), and the upper air flow shows how the jet stream is being pushed north, away from the heat dome parked over the Four Corners region. (Earth.nullschool.net)

A punishing and long-enduring heat wave is intensifying in parts of the West and Southwest, with heat warnings and advisories in effect across seven states Wednesday. The heat will not relent until late in the weekend.

Threat level: In the coming days, 40 million are likely to see temperatures reach or exceed 100 degrees.

Updated 1 hour ago - World

Putin calls Biden summit "constructive," but blames U.S. for tensions

Photo: Sergei Bobylev\TASS via Getty Images

Russian President Vladimir Putin said Wednesday that his summit with President Biden was "constructive," and that the countries had agreed their ambassadors would imminently return to their posts in Moscow and Washington.

What he's saying: "Many of our joint positions are divergent but nevertheless I think both sides manifested a determination to try and understand each other and try and converge our positions," Putin told reporters at a press conference following the meetings, according to a translator.