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.
By midday Wednesday, the Dow had plunged roughly 500 points, before rebounding slightly, while the S&P and Nasdaq Indexes were also down.
These are the headlines you Need 2 Know for Wednesday, October 2, 2019.
One man was shot in the chest with a live round by police in Hong Kong on Tuesday during widespread and violent protests that coincided with celebrations across China marking 70 years of the Communist state.
The current instability led the Geneva-based organization to cut its forecast for trade volume growth to just 1.2 percent in 2019, an over 50 percent drop from an earlier estimate.
Rep. Carolyn Maloney, the author of the pending Smithsonian Women's History Museum Act, told Cheddar that it's "difficult to empower women, if you don't even recognize them."
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.*
The latest tally represents about a 50 percent surge in illnesses and deaths since the CDC last took stock of the damage. As illnesses mount, regulators have stopped short of issuing a ban on vaping, recommending instead vape users abstain from vaping until the cause of the illness is identified.
The embattled Justice Department's top official, Attorney General William Barr, and the president's personal attorney, former New York City Mayor Rudy Giuliani, are now under a great deal more scrutiny.
The House of Representatives made history on Wednesday, passing landmark legislation that would protect U.S. banks that provide services to legitimate cannabis businesses in states where cannabis is legal.
As pressure mounts to detect and combat the spread of deepfakes, startups like Canny AI are embracing the technology and attempting to commercialize it.
