Former Bush Ethics Chief Says 'It's Time' for Trump Impeachment Inquiry
*By Rebecca Heilweil*
Following Robert Mueller's [back-to-back testimonies](https://cheddar.com/media/former-special-counsel-mueller-confirms-president-trump-not-exculpated-in-russia-investigation) on Capitol Hill Wednesday, all eyes have turned to the leadership of the House of Representatives, and the question of whether Democrats will move to begin an impeachment inquiry against President Donald Trump.
Those efforts have the support of a slew of progessive politicians, including presidential hopeful Sen. Elizabeth Warren, Rep. Rashida Tlaib, and Rep. Ilhan Omar. Another supporter of impeachment proceedings: former Bush White House's ethics lawyer Richard Painter.
"It's time now to open a formal impeachment inquiry and demand evidence, not just on what's in the Mueller report, but \[on\] President Trump's other violations of the law and the Constitution \[including\] his receipt of emoluments of foreign governments, including the Saudi Arabian government," he told Cheddar.
Those looking for a smoking gun from Mueller's testimonies yesterday were left disappointed, as the former special counselor mostly deferred to his report that had been made public in April. He also avoided discussions of impeachment proceedings throughout the two hearings.
"If the Democrats expected him to come in and say something dramatic, or to come there and act like a movie star, that was foolish. We all knew Robert Mueller was going to be a professional prosecutor," Painter said.
But Painter had tough words for both parties.
He warned that aggressive questioning from Republicans could deter others from entering public service. "It certainly doesn't help to see Robert Mueller treated the way he was yesterday," said Painter.
On the other hand, he said, "The Democrats expect him to carry their water because they're too timid to impeach Donald Trump, or to even open an impeachment inquiry."
"The Russians interfered in an American election, and we need to deal with this now," Painter said. "We also need to pass legislation that will prevent future election meddling."
Speaker of the House Nancy Pelosi has maintained that she will not support impeachment, despite pressure from some of her own colleagues.
Politico [reported](https://www.politico.com/story/2019/07/24/pelosi-nadler-rebuff-impeachment-mueller-hearing-1432925) that she told Rep. Jerry Nadler yesterday that drawing articles of impeachment was still premature.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
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Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
