As Cheddar celebrates Black History Month, House Majority Whip, Jim Clyburn (D-S.C. 6th District) shared his expectations of President Joe Biden while his new administration gets settled in.
With Black Americans and other minority groups disproportionately impacted by the coronavirus pandemic both economically and physically, Clyburn noted that the president has to get a grasp on the virus with testing, tracing, and vaccinations before focusing on rebuilding the economy.
"When things get stabilized, then it's time for us to look at how we go out and generate a new economy," he said. "That's why I'm so proud of the fact that in [Biden's] very first move, he made it very clear: this is a rescue."
The South Carolina Democrat, however, mentioned that closing existing gaps across a range of areas, including wealth and education, has to be a priority for the Biden administration. He also said the country will not be able to make progress without facing the stark racial divisions that have left the country so flawed.
It was a similar sentiment for Clyburn when it came to addressing the extremism on display in the U.S. such as that of the Capitol Hill riots. While he said he believes it is possible to put an end to hate groups and domestic terrorism, he said the country has to do more self-reflection and hold itself accountable.
"We've never done enough and simply because we've never admitted [domestic terrorism] existed. That's a big problem. You cannot solve a problem until you admit that there is a problem, otherwise, you're simply ignoring and hoping it will go away," Clyburn noted, linking modern extremist groups such as the Proud Boys to the likes of the older Ku Klux Klan.
The South Carolina representative also said that he's confident that President Biden will work towards addressing the growing issue of domestic terror.
Clyburn added that he wants the president to honor the late John Lewis and focus on securing future U.S. elections. Following the volatile November elections that seated Biden and the January Senate races in Georgia that saw two Democrats unseat their GOP counterparts, Republican officials in the state have been looking to clamp down further on voter ID laws.
"That, to me, if we were able to move [the John R. Lewis Voting Rights Act] rather quickly and put that in law, we will have a lasting impact for John Lewis because it's in that law that we will stop some of the voter suppression that is taking place, that was doubled down upon after the Supreme Court gutted the Voting Rights Act of 1965," he said.
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
Catching you up with what you need to know on Apr 1, 2022, with Ukrainians hoping to flee the besieged city of Mariupol with a ceasefire is in place, President Biden orders the release of oil from U.S.reserves, LGBT activists suing Florida Governor Ron DeSantis over the "Don't Say Gay" Law, U.S. passports offering an "x" option for gender, and more.
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
