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Rep. Kevin Grady (R-TX), chair of the House Ways & Means Committee

Justin Field, VP of government affairs for the National Venture Capital Association, talks to Axios about what he's hoping for when the House GOP unveils its plan tomorrow.

Broad stokes: "There has been a lot of talk about making existing large companies and small businesses more competitive, but we also want focus on how tax reform can increase startup formation."

VC wish list:

  • Retain existing tax treatment of carried interest.
  • Improve R&D tax credits for startups.
  • Create safe harbor for startups from net operating loss limitation rules.
  • Simplify qualified small biz stock rules.

Horror story: Anything that reminds the NVCA of the plan put forth in 2014 by former GOP Congressman Dave Camp.

Money matters: The NVCA's political action committee donated $5,000 to Rep. Kevin Brady (R-TX), who is leading the House GOP's tax-writing group, this past March.

Go deeper: Axios' Caitlin Owens reports on how the Senate's plan is shaping up. Worth noting that both chambers seem to be warming to the idea of phasing in that 20% corporate rate.

Go deeper

Ina Fried, author of Login
Updated 46 mins ago - Technology

Exclusive: GLAAD finds top social media sites "categorically unsafe"

The leading social media sites — Facebook, Twitter, Instagram, TikTok and YouTube — are all "categorically unsafe" for LGBTQ people, according to a new study from GLAAD, the results of which were revealed Sunday on "Axios on HBO."

The big picture: GLAAD had planned to give each of the sites a grade as part of its inaugural social media index, but opted not to give individual grades this year after determining all the leading sites would receive a failing grade.

Biden admin declares state of emergency over fuel pipeline cyberattack

Photo: Luke Sharrett/Bloomberg via Getty Images

The Biden administration on Sunday declared a state of emergency in response to a ransomware attack that forced operator Colonial Pipeline to shut down a key U.S. pipeline.

Why it matters: Friday night's cyberattack is "the most significant, successful attack on energy infrastructure" known to have occurred in the U.S., notes energy researcher Amy Myers Jaffe, per Politico.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Fall and winter COVID surge "unlikely" if people get vaccinated.
  2. Politics: School boards are the next political battleground.
  3. Vaccines: Pfizer begins application for full FDA vaccine approval — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations.
  5. World: Asia faces massive new COVID surgeIndia records its deadliest day of the pandemic.
  6. Variant tracker: Where different strains are spreading.