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, Dec. 10, 2018.
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.
Times Square is known as the "crossroads of the world," but tell that to Stacey Cunningham. The CEO of the New York Stock Exchange, the first woman to hold the job in the exchange's 226-year history, said it's at the NYSE where capitalism, economics, politics and "the world at large" converge.
These are the headlines you Need 2 Know for Friday, Dec. 6, 2018.
Los Angeles is taking a strong stance against single-use plastic straws: the local City Council is moving forward with its "Plastic Straws on Request" initiative with an ultimate goal to phase them out completely by 2021. "This has been a long time coming," Mitch O'Farrell, Los Angeles city council member, told Cheddar Thursday. "I wish that the city had acted 10, 15 years ago."
These are the headlines you Need 2 Know for Thursday, Dec. 6, 2018.
Medical marijuana is now legal in Utah, but not exactly in the form voters intended. Shortly after the medical marijuana initiative, Proposition 2, was scheduled to go into effect, the Utah state House and Senate swooped in and replaced it with a new law. Wayne Niederhauser, a Republican senator for Utah's 9th district, defended the move in an interview on Cheddar Wednesday.
Financial markets closed, mail delivery stopped, and federal offices shut down as the nation paused to remember the life of President George H.W. Bush, who will be memorialized during a state funeral at Washington's National Cathedral on Wednesday.
These are the headlines you Need 2 Know for Wednesday, Dec. 5, 2018.
The famously stoic president of France may have conceded on fuel taxes to protestors, but his decision was most likely a product of circumstance, not an act of altruism. In this case, said Erin Zaleski of the Daily Beast, Emmanuel Macron had no one with whom he could negotiate. But small concessions, like a fuel tax moratorium, won't be enough to satisfy protesters who are wreaking havoc in the streets of Paris.
