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First Read's Morning Clips: The Tax Returns

A roundup of the most important political news stories of the day
A general view of the Internal Revenue Service Building in Washington
A general view of the Internal Revenue Service (IRS) Building in Washington. REUTERS

TRUMP AGENDA: The details of -- and reaction to -- Trump’s 2005 tax return

Check out our project on how the Big Data revolution incentivized campaigns to stop courting the middle of the electorate — and made us more polarized as a result.

Here are all the details from Trump’s 2005 federal tax return, obtained by The Rachel Maddow Show. And here’s the reaction from Trump supporters, who say the release vindicates him.

The Washington Post writes that the cost of failure on health care may be the rest of Trump’s agenda.

Benjy Sarlin and Andrew Rafferty sum up the growing GOP skepticism to the health care bill.

More, from the New York Times: “A day after a harsh judgment by the Congressional Budget Office on the House plan to repeal the Affordable Care Act, nervous Senate Republicans on Tuesday suggested changes to the bill. They told Trump administration officials — including the health secretary, Tom Price — that they wanted to see lower insurance costs for poorer, older Americans and an increase in funding for states with high populations of hard-to-insure people. They said those changes would greatly improve the chances of Senate approval even though they might further alienate conservatives.”

And from POLITICO: “The party in power has twice attempted to overhaul health care in the past quarter-century. And both times it ended up with politically catastrophic results. Now, the GOP attempt to replace Obamacare is shaping up to be the defining issue of the 2018 midterm elections — one big enough to rattle the foundations of Donald Trump-era Washington and beyond.”

From the AP: “The day before it is supposed to go into effect President Donald Trump's revised travel ban will be scrutinized in federal courtrooms across the country on Wednesday. In Maryland, a U.S. judge will hear arguments from the American Civil Liberties Union and others who want to stop the new directive and more than a half-dozen states are trying to derail the executive order affecting travelers from six Muslim-majority nations. Hawaii's lawsuit is heading to federal court in Honolulu, while Washington state, which successfully sued to block the original ban, wants its own hearing before a federal judge in Seattle. Five other states have joined Washington's challenge.”

As Trump heads to Detroit today, the Wall Street Journal says that the auto industry is preparing for his proposed changes to NAFTA.

“A senior White House official confirmed Tuesday that President Trump will reexamine fuel efficiency standards set in place during the Obama administration, opening the door for the regulations to potentially be reduced in the coming years,” writes the Washington Post.

The Washington Post reports on how former aides to Jim Inhofe are transforming the EPA.

“A New York real estate company owned by the family of President Trump’s son-in-law has been negotiating to sell a $400 million stake in its Fifth Avenue flagship skyscraper to a Chinese insurance company with ties to leading families of the Communist Party,” writes the New York Times.

POLITICO has a big look at the paranoia developing in the Trump White House. “A culture of paranoia is consuming the Trump administration, with staffers increasingly preoccupied with perceived enemies—inside their own government. In interviews, nearly a dozen White House aides and federal agency staffers described a litany of suspicions: that rival factions in the administration are trying to embarrass them, that civil servants opposed to President Donald Trump are trying to undermine him, and even that a “deep state” of career military and intelligence officials is out to destroy them.”

The New York Times: “Neil Gorsuch Has Web of Ties to Secretive Billionaire”