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Trump doesn't want "phase in" for biz tax cut

Dan Primack, author of Pro Rata

AP Photo/Evan Vucci

President Trump today said that he isn't in favor of phasing in corporate tax cuts – perhaps taking upwards of five years to reach 20% statutory rates – as some Republicans in both the House and Senate have floated:

We're not looking for that. Hopefully not. Some people have mentioned that. Hopefully not.

Go deeper

Kadia Goba
59 mins ago - Politics & Policy

Most Senate Republicans join Rand Paul effort to dismiss Trump's 2nd impeachment trial

Photo: Joshua Roberts-Pool/Getty Images

Forty-five Senate Republicans, including Minority Leader Mitch McConnell, supported an effort to dismiss former President Trump's second impeachment trial.

Why it matters: The vote serves as a precursor to how senators will approach next month's impeachment trial, making it highly unlikely the Senate will vote to convict. The House impeached Trump for a second time for "incitement of insurrection" following events from Jan 6. when a pro-Trump mob stormed the Capitol.

Go deeper (1 min. read)Arrow
Shawna Chen
1 hour ago - Politics & Policy

Texas judge temporarily halts Biden's 100-day deportation freeze

Photo: Mandel Ngan/AFP via Getty Images

A federal judge in Texas has temporarily blocked the Biden administration's 100-day freeze on deporting unauthorized immigrants.

Why it matters: Biden has set an ambitious immigration agenda, but he could face pushback from the courts.

Go deeper (1 min. read)Arrow
Axios
1 hour ago - Podcasts

Reddit is running Wall Street

Wall Street is locked in a battle of will between professional investors who live in Greenwich and amateur investors who congregate on Reddit. So far, the amateurs are winning, judging by increases in their chosen stocks, like GameStop and Bed, Bath & Beyond.

Axios Re:Cap goes deeper into what's really happening, the mechanics of stock "shorting" and what it means for the markets' future, with Axios chief financial correspondent Felix Salmon.