Although Mark Sanford has been a vocal critic of President Trump's excessive spending and demeanor, the former Republican Congressman from South Carolina so far hasn't pressed his former Capitol Hill colleagues to call for articles of impeachment. Rather, in an interview with Cheddar over the weekend, Sanford brought up the idea of "censure" instead.
"If you can't kill the king, don't shoot at him," Sanford said. "I have a problem with some of the components of Trump-ism, and if you want to — in essence — end it, it has to be ended at the electoral voting booth."
On September 8, Sanford announced he, too, would run for President, saying the Republican party has lost its way. Sanford served in Congress from 1995 to 2001 and again in 2013 to 2019, with a stint as governor in between (during which he disappeared for several days with his mistress).
Sanford has stated the reason he lost his seat in last year's midterm election is because he publicly disagreed with Trump.
Although Sanford does not have a vote on any articles of impeachment, his situation as a GOP rival to President Trump during an impeachment inquiry is unique. He told Cheddar the public focus on the inquiry could put a snag in his presidential bid. "The giant sucking sound that we'll hear this fall is impeachment."
"I think you are going to see a real circling of the wagons at times," Sanford added. "That'll make it more difficult, not just for me to my message out, but frankly for a lot of others."
But despite the trouble he predicts for his campaign, Sanford thinks lawmakers need to act on the reports they have received regarding the potentially problematic use of White House power to try to get Ukraine to investigate political rival, Joe Biden, and his son Hunter.
"What you don't want is for the House to move forward with articles, the Senate to do nothing, and then what the President says: 'See, I'm absolved of all guilt, what was going on in Ukraine was totally proven false,'" Sanford said.
Sanford says he is in line with former colleague House Majority Whip Jim Clyburn.
"Let's tap the breaks here," Sanford says of Clyburn. "Let's go through the process, see what we find, and then we're going to figure [out what to do] as to whether we should or shouldn't go forward with impeachment."
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.
