Good Wednesday morning. I'm Anna Palmer and welcome to your Politico Playbook Audio Briefing, sponsored by Chevron.

And I'm Jake Sherman. We're starting the day with a look at the global mood. Politico has three reporters in Bond, Germany, for the UN Climate Conference.

They write that Trump is taking a beating on the world stage where leaders of Mexico and Canada formalized their agreement to circumvent Trump and work directly with

mostly Democratic governors of climate-minded states. Breaking news this morning from the AP.

China is sending an envoy to North Korea following Trump's visit to Beijing. And while Republicans

in Washington are focused on trying to pass tax reform, not everyone is excited about it. The Wall Street Journal's Natalie

Andrews tweeted that few hands went up at a Wall Street Journal CEO council event yesterday

when CEOs were asked if they plan to increase their company's capital investments if the

GOP's tax bill passes. Gary Cohn, who was on stage, asked, why aren't the other hands going up?

Here are some important tax reform developments. Brian Fowler reports the new Senate Republican

plan plans to make a number of tax cuts for individual payers temporary, setting them to expire

in 2025. It's an effort to bring the legislation in compliance with the Senate's arcane

budget rules. Now, Republicans will

tell you that these tax breaks will never expire, that in 2025, the Congress will again extend them.

And there's some evidence to that. The Bush tax cuts were extended several times. At the same time,

Hatch would make the business tax cuts permanent. Other changes include beefing up the

child tax credit to $2,000 per child, which has been the one thing Ivanka Trump has been pushing for.

He's also tweaking the rates and incomes for which various tax brackets would kick in,

and he's allowing people to set up 529 education savings accounts for unborn children.

One of the biggest changes in the Senate is the addition of repealing Obamacare's individual

mandate.

This move is not a surefire winner.

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