As investigations into the deadly January 6 siege of the Capitol continue, questions about how pro-Trump rioters were able to access specific locations in the building are surfacing. According to Rep. Kim Schrier (D-Wash. 8th District), it is not out of the realm of possibility that the mob was aided by members of Congress.
"Inciting insurrection is impeachable but it is also illegal. Although I'm not a lawyer, I think that that needs to be pursued. I can tell you that it is already being looked into by the FBI, looking at who inside was helping," she told Cheddar.
While officials have not yet given confirmation, there are reports from members like Rep. Mikie Sherrill (D-N.J. 11th District) that some members of Congress toured the Capitol building Tuesday with groups that included individuals accused of attacking it the following day.
"And the fact there were any tours going on in a Capitol during the COVID pandemic when nobody's allowed unless they are personally escorted in by a member of Congress, suggests that if there was insider knowledge, that some of my colleagues may have been co-conspirators," Schrier said.
The Washington representative is calling for those officials to be held accountable if the allegations are true, as well as President Donald Trump and any GOP supporters that may have incited violence.
Though the House impeached Trump for a historic second time on Wednesday, the process will likely linger past Inauguration Day. Senate Majority Leader Mitch McConnell has said he will not call senators back before next week to hold a hearing on the charge of high crimes and misdemeanors. Still, Schrier said the facts of the case are clear-cut and could be handled before Biden is sworn in.
"I think that this should be, could be, a very speedy trial," she said. "I believe that if we can call back 435 members of Congress, we can certainly call back 100 senators to take this up immediately and I think that's what [McConnell] should do."
Democratic Agenda
For Schrier, the sooner the body is able to address the president's role in last week's Capitol siege, the better equipped Congress will be to get to work once President-elect Joe Biden is sworn in. Democrats will soon control all three legislative branches and the Washington congresswoman said the body will be able to work on solutions that have been pushed aside during the Trump presidency.
Among top priorities will be getting more COVID relief to Americans and improving laws guiding elections, according to Schrier, who sits on the Energy and Commerce Committee.
"It is urgent, I believe, that we pass H.R. 1, the big government reform bill that gets corruption out of politics, gets big special interest money out of our politics, makes it easier to vote."
While Democrats will control two branches of the federal government for at least the next two years, Schrier said members from both sides of the aisle will need to repair their working relationships.
"This really needs truth and reconciliation and frankly it will need a lot of Republicans to step up and speak the truth," she said, adding, "Even those who voted against impeachment yesterday, many of them still condemned the president's behavior, and so it will really take some voices of conscience from within to speak to their own part and set this right."
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.
