Bobby Franklin is president and CEO of the National Venture Capital Association, a D.C.-based lobbying group whose members comprise a majority of the country's VC and growth equity firms. He recently spoke to Axios about issues of interest to startup investors, including immigration, healthcare and taxes:

On legal immigration reform:

"I'm not as optimistic as I was before Trump's election. In fact, I'm more skeptical. The issue for years has been that Democrats insist on a comprehensive policy that deals with both legal and illegal immigration, which basically holds legal immigration hostage to Republicans, who want to first focus on illegal and then maybe get to legal. Now I think both sides have even more reason to hold on to their positions, even though we do have our champions on both sides of the aisle. I guess that makes me a contrarian."

On Obamacare:

"I haven't heard from our members on if they want us to engage of repeal or replacement. They're much more concerned about issues like the FDA and reimbursement."

On taxation:

"When I watched the debates it seemed like the only policy issue Clinton and Trump even mentioned was changing carried interest. But they were talking about it in the context of Hillary's fat cat friends on Wall Street, so I don't think it was aimed at VCs. I think we have very good arguments for why carry shouldn't be changed for venture. There are a lot of people in this country who feel left behind, and changing tax treatment will make it more difficult for companies in those areas to get funded."

On Trump tech meeting:

"I'm glad we weren't at that table. And I really mean that we weren't, in the more general sense, because there are increasing policy differences between established tech companies and startups, on issues like patents and stock options. A lot of what mattered to the people there isn't what matters to us."

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President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.

Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:30 p.m. ET: 19,266,406 — Total deaths: 718,530 — Total recoveries — 11,671,253Map.
  2. U.S.: Total confirmed cases as of 8:30 p.m. ET: 4,928,802 — Total deaths: 161,052 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Trump says he's prepared to sign executive orders on coronavirus aid

President Trump. Photo: Jim watson/Getty Images

President Trump, speaking from a podium at his golf club in Bedminster, N.J., on Friday announced that he is prepared to issue executive orders suspending payroll taxes and extending enhanced unemployment benefits through the end of 2020, and halting student loan interest and payments indefinitely.

Why it matters: The impending orders come after talks between the White House and Democratic leadership collapsed Friday afternoon. But Trump said he remains committed to striking a deal with Congress on a broader stimulus package before signing the orders.