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 Friday, Dec. 21, 2018.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Of the CEO Class of 2018, who was crowned Biggest Flirt? Class Clown? Cheddar's Most Outspoken Award Goes to Tim Cook.
Stocks plunged on Thursday for the second day running, as the renewed threat of a government shutdown over the Christmas holiday weekend contributed to residual market weakness after the Fed's latest rate hike.
CEO Mary Barra made national headlines when General Motors announced in late November that 14,000 salaried and hourly workers would be cut for the sake of the company's growth. Backlash against Barra was swift; it populated the White House Twitter feed and echoed through the hall of Congress.
These are the headlines you Need 2 Know for Thursday, Dec. 20, 2018.
Facebook can add another problem to its tally: a disappointing update to a civil rights audit the company posted on Tuesday, just hours before The New York Times published an explosive report on the company's mishandling of user data. The audit has been a "black box," according to Rashad Robinson, the president of Color of Change, one of the groups that has strongly criticized Facebook over civil rights issues on the platform.
Stocks plunged following the Federal Reserve's decision to hike interest rates for the fourth time this year, despite heavy criticism from President Trump that the central bank has been too aggressive in raising borrowing costs.
New York Governor Andrew Cuomo may have radically changed his stance on marijuana ー but his former Democratic primary opponent Cynthia Nixon shouldn't be congratulated for his shift, according to New York State Assembly Health Committee chair Richard Gottfried. "On this particular issue, I don't think she gets any credit," Gottfried, who has been working on marijuana policy reform since the 70s, told Cheddar Wednesday.
These are the headlines you Need 2 Know for Wednesday, Dec. 19, 2018.
Michael Bloomberg wants to be president, his former campaign manager Bradley Tusk told Cheddar on Tuesday. "Just putting all cards on the table: Mike would like to be president, Mike would be an excellent president," Tusk said.
