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.
Stocks are opening lower on Wall Street as the market gives back some of the gains it piled up over the past three days. Major indexes are down more than 3% in early trading Friday.
British Prime Minister Boris Johnson has tested positive for the new coronavirus, but remains in charge of the U.K.’s response to the outbreak.
Stocks are surging again on Wall Street as a massive coronavirus relief bill gets closer to passing Congress. Major indexes jumped more than 6%, bringing the S&P 500 up 17% since Monday.
Stocks are rising more than 3% early Thursday, putting the market on track for its first three-day rally in six weeks, even as the astonishing scale of the downturn slamming the economy because of the coronavirus becomes more apparent.
House Speaker Nancy Pelosi said she is 'very proud' of the $2.2 trillion coronavirus aid package and confirmed the House will take up the package Friday.
On Tuesday the chairman of the FDIC put out a public service announcement urging people to keep their cash in the bank, as customers of U.S. banks and credit unions have been making big withdrawals in the midst of the coronavirus pandemic and recession.
After a day of uncertainty, the Senate unanimously passed a $2.2 trillion coronavirus relief bill late Wednesday. 4
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
resident Donald Trump is imploring Congress to move on critical coronavirus aid without further delay. Senate leaders are trying to overcome late objections to a $2 trillion economic rescue package to ease the financial pain of the pandemic.
Stocks scored their first back-to-back gains since a brutal sell-off began five weeks ago, but much of an early rally faded late in the day as a last-minute dispute threatened to hold up a $2 trillion economic rescue package in Congress.
