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.
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Shares of Tesla dropped after hours Thursday after the Securities and Exchange Commission filed a [lawsuit] (https://www.scribd.com/document/389617044/SEC-vs-MUSK#from_embed) against CEO Elon Musk in federal court, alleging that the billionaire founder committed securities fraud when he tweeted about taking the company private with "funding secured" on Aug. 7. In the complaint, the SEC seeks to bar Musk from being an officer of a public company.
Supreme Court nominee Brett Kavanaugh was both furious and emotional in testimony Thursday afternoon in front of the Senate Judiciary Committee. He emphatically denied the sexual assault accusations against him, which were detailed from the same chair by Dr. Christine Blasey Ford earlier in the day.
"My family and my name have been totally and permanently destroyed," Kavanaugh said.
Rep. Nita Lowey played a key role in the Anita Hill hearings in 1991 when then-Supreme Court nominee Clarence Thomas was accused of sexual harassment. On Thursday, Lowey was present for Christine Blasey Ford's testimony about current nominee Brett Kavanaugh's alleged sexual assault and spoke of the differences between the two eras.
Prof. Christine Blasey Ford spoke to the Senate Judiciary Committee about her memories from the night of her alleged assault. She said the memory that has stuck with her the most is the laughter from Supreme Court nominee Brett Kavanaugh and Mark Judge as Kavanaugh was on top of her.
On Thursday morning Prof. Christine Blasey Ford appeared in front of the Senate Judiciary Committee to testify on her alleged sexual assault by Supreme Court nominee Brett Kavanaugh.
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Sonny Perdue, U.S. Secretary of Agriculture, said American farmers understand the need for tariffs on Chinese imports, even if they might feel some short-term pain. After President Trump imposed tariffs on China, American farmers began to feel the effects. China is the largest importer of American soybeans and that revenue stream has now been cut off. The federal government pledged $12 billion as temporary relief for farmers affected by Trump's tariffs.
Sen. Elizabeth Warren (D-MA) is currently promoting a new housing bill that calls for $450 billion to build and renovate affordable housing over the next 10 years. Warren is suggesting an estate tax on the 10,000 top earners in the U.S. to fund the bill. Warren said it's not about "punishing" people for their economic success, but rather for everyone to pay their fair share and allow middle Americans to accrue wealth through homeownership.
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