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.
These are the headlines you Need 2 Know for Monday, March 2, 2020.
Democrat Pete Buttigieg is ending his campaign for president, the Associated Press is reporting.
Joe Biden scored a convincing victory in South Carolina’s Democratic primary on Saturday, riding a wave of African American support and ending progressive rival Bernie Sanders’ winning streak.
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 sank again after another wild day, extending a rout that left the market with its worst week since October 2008. Major indexes clawed back much of their intraday losses in the last 15 minutes. Bond prices soared as investors sought safety, pushing yields to record lows.
The World Health Organization raised its threat assessment Friday saying the global risk of the novel COVID-19 is now "very high," the director-general told reporters, even as the White House continues to downplay the potential impact of the coronavirus in the U.S.
Federal Reserve Chairman Jerome Powell pledged that the Fed will "use our tools" to support the economy, a strong signal of a likely rate cut, perhaps at its next meeting March 17-18.
The report from China Beige Book, an economic forecasting firm that surveyed more than 1,400 companies, shows an economy reeling from shutdowns and quarantines.
These are the headlines you Need 2 Know for Friday, February 28, 2020.
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
