Sen. Chuck Schumer (D-N.Y.) and Rep. Peter King (R-N.Y.) made a bipartisan call Tuesday for the Senate to vote on background check legislation, just days after two back-to-back mass shootings killed at least 31 people.
The bill, H.R. 8, passed the House in February but was never brought to a vote in the Senate, which is controlled by GOP Majority Leader Sen. Mitch McConnell of Kentucky.
"We're saying to Leader McConnell: do the right thing," Minority Leader Schumer said at a press conference, alongside King, at a Walmart near New York City.
Over the weekend, two seperate mass shootings killed at least 22 people at a Walmart in El Paso, Texas and nine people in an entertainment district in Dayton, Ohio.
"If anything good can come from the horrible tragedies of this weekend, it would be if we can get this legislation passed," King said. "This should not in anyway be a partisan issue."
The plea for a vote came a day after President Trump's live address to the nation in which he called for "real, bipartisan solutions" to gun violence.
H.R. 8 — formally titled the Bipartisan Background Checks Act of 2019 — won passage with a vote of 240 to 190, including support from eight Republicans. The bill would establish universal background check requirements for firearm sales and transfers, and specifically make it harder for those with criminal records and mental illnesses from obtaining a gun.
"McConnell has had 200+ days to pass gun laws & save lives. On average 100 Americans are fatally shot every day as the Senate fails to act," the advocacy group Everytown for Gun Safety said on Twitter. The Brady Campaign to Prevent Gun Violence also urged the Senate "to be on the right side of history" and schedule a vote.
In a statement on Monday, McConnell said that "Senate Republicans are prepared to do our part" in response to Trump's call, adding that "partisan theatrics and campaign-trail rhetoric will only take us farther away from the progress all Americans deserve."
Schumer and King both said that they believe the bill, which King co-sponsored, would pass the Senate if it is brought up for a vote.
"It is essential that Leader McConnell brings this to a vote," King said. "He doesn't have to support it, he doesn't have to get behind it. Just let it come to a vote."
"It is a piece of paper," Schumer said as he held up the bill on Tuesday. "But it is a piece of paper that can save lives."
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.