Congresswoman Bonnie Watson Coleman represents New Jersey's 12th district. She says a majority of people in the country, and her constituents, will see a tax increase under the new law. The Congresswoman points out that estate tax eliminations will benefit the richest Americans, including President Trump.
New Jersey and New York are among the highest-taxed states in the country, which is why many Republicans from both voted "no" on the bill. The congresswoman says they are on the right side of history because the bill will hurt middle-class families in their states.
Watson Coleman had a message for constituents: stay awake, stay alert, stay mobilized. The 2018 midterm elections, she says, will be an opportunity for voters across the country who want to change the tax bill to be heard.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic.
White House Economic Adviser, Tyler Goodspeed, on the June jobs report. Goodspeed also keys in the Trump administration's goal of growing jobs despite coronavirus cases spiking.
The number of confirmed coronavirus cases in the U.S. climbed to a new high of more than 50,000 per day on Thursday.
Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic.
Arizona recorded more coronavirus deaths, infections and emergency-room admissions in a single day than ever before in a rapidly deepening crisis Wednesday across the Sunbelt.
Economic Policy Institute Policy Director Heidi Shierholz warns of the possible consequences if Congress allows the pandemic unemployment assistance program to expire.
Health experts have slammed the U.S. decision to hog nearly the entire global supply of remdesivir, the only drug licensed so far to treat COVID-19.
Dr. Anthony Fauci says the U.S. is “going in the wrong direction” with coronavirus cases surging in some regions, and that's putting the entire country at risk.
The European Union has announced it will reopen its borders to travelers from 14 countries, but most Americans have been refused entry for at least another two weeks due to soaring coronavirus infections in the U.S.
