Cheddar's J.D. Durkin reports live from Capitol Hill about the big news surrounding the GOP Tax Reform Bill. After rectifying a procedural snafu in the House vote, President Trump will get one step closer to his first big legislative victory this afternoon.
The White House is planning a "major tax event" for later this afternoon. The administration stresses that this will not ber a formal signing of the bill.
J.D. also reports on the news out of Alabama. Eight days after the special election there, Judge Roy Moore has yet to concede, even though there is a 21,000-vote difference between himself and his challenger, Democrat Doug Jones. Jones is in the lead. Moore and supporters are mounting a $75,000 fundraising effort to launch an investigation into any possible voter fraud.
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Why not tax the millionaires? That question won't seem to go away as Congress begins drafting a package of tax breaks and spending cuts for President Donald Trump’s “big, beautiful bill."
