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An updated version of the tax bill was released. Photo: J. Scott Applewhite/AP

Senate Finance Committee Chairman Orrin Hatch released the revisions to the Senate tax plan tonight. The new version sunsets most of the individual tax provisions after 2025, but makes the lower corporate tax rate permanent. It also repeals the Affordable Care Act's individual mandate.

What we're watching: Whether ending individual tax cuts — as well as repealing the individual mandate — while keeping the lower corporate rate sinks the bill. Making the rates temporary was done to make the bill comply with Senate budget rules for the process the GOP is using to pass the bill.

What else is in the new bill:

  • Increase of the child tax credit from $1,000 under current law to $2,000 (was $1,650 in old version of the bill), until 2026.
  • Slightly lowers some of the individual tax rates for middle-class brackets compared to the earlier version.
  • Modifies the rules surrounding the new deduction for pass-through taxation.

Go deeper

Axios-Ipsos poll: Confidence in Biden COVID recovery tumbles

Expand chart
Data: Axios/Ipsos poll; Chart: Kavya Beheraj/Axios

Confidence in President Biden's ability to rescue the economy from COVID-19 has dropped since January, even as Americans' faith rises in his ability to make the vaccine widely accessible, according to the latest installment of the Axios/Ipsos Coronavirus Index.

Why it matters: It's Democrats and independents driving the declining economic confidence, from 52% of all U.S. adults at the start of his presidency to 44% now. Their softening faith could hinder Biden's ability to lead and hurt Democrats' position heading into the 2022 midterms.

Attacks rise on houses of worship

Woven Stars of David hang along the fence at the Tree of Life Synagogue in Pittsburgh on the 1st anniversary of a mass shooting at the synagogue. Photo: Jeff Swensen/Getty Images

Houses of worship -- across a variety of faiths, including Jewish synagogues to Buddhist temples and Catholic churches -- are experiencing high amounts of vandalism, arson and other property damage.

The big picture: 2021 is on track to be a record year for hate crimes in the U.S., and many of those attacks are linked to religious bigotry.

Updated 1 hour ago - Health

Prime minister flags vaccine mandate for 40% of New Zealand workforce

New Zealand Prime Minister Jacinda Ardern during an October COVID-19 briefing in Wellington, New Zealand. Photo: Robert Kitchin - Pool/Getty Images

New Zealand Prime Minister Jacinda Ardern announced Tuesday a COVID-19 vaccine mandate for businesses, as the government pushes to reach a nationwide 90% vaccination target.

Why it matters: Under the new COVID-19 Protection Framework, businesses must require vaccine certificates from customers if they're in close contact with them. Ardern said at a briefing Tuesday that such venues wishing to operate, including hair salons, bars, restaurants and gyms, must ensure staff are vaccinated.