Sen. James Lankford Photo: Manuel Balce Ceneta / AP

Republican senators James Lankford (Okla.), Bob Corker (Tenn.) and Jeff Flake (Ariz.) want a tweak to the tax bill which would allow changes to be made if in 5 years the plan doesn't produce the economic growth Republicans are banking on, Lankford told Hugh Hewitt on Tuesday. He said that if their proposal is added, the three would most likely vote yes on the bill, although he didn't want to speak for Flake and Corker.

Why it matters: Flake and Corker have become wild cards since announcing they won't run for re-election, and both have expressed reservations about the GOP tax bill. But the "changes" in 5 years would most likely include tax hikes, which could be unpopular with the public and President Trump who has always touted across-the-board tax cuts.

Yes, but securing their votes still doesn't guarantee that the bill would pass. John McCain, Susan Collins, Ron Johnson and Steve Daines are also skeptical about the bill — and it only takes three no votes to fail.

Key quote: "We are all making our best educated guess of exactly what the rates should be. We're trying to bring them down as fast, as far as possible. What I have asked for is a way to have a five year lookout. And if we get five years down the road and realize that the revenue is not coming on, the economic growth has not happened as expected, I don't want our deficits to accelerate," Lankford told Hewitt.

Go deeper: The Wall Street Journal's look at the proposal.

Go deeper

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 10,836,500 — Total deaths: 520,605 — Total recoveries — 5,723,808Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 2,735,554 — Total deaths: 128,684 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.
9 hours ago - Health

Fauci: Coronavirus surges mark a "very disturbing week" in the U.S.

Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.