As the Senate trial on the impeachment of President Donald Trump got underway Tuesday, Democrats and Republicans began by facing off first on procedural matters. Democrats angled to admit new witnesses and documents during the Senate trial, while Republicans seem to be largely willing to follow the rules of the Clinton impeachment which allowed Senators to decide that issue later on.
A CNN poll out this weekend noted 69 percent of Americans want Senators to allow new witness testimony.
"I wish the Democrats would have subpoenaed witnesses. They didn't do that," said GOP National Spokesperson Liz Harrington. "They didn't do their job."
Although she said Democrats should have subpoenaed witnesses like the whistleblower and former National Security Adviser John Bolton, the House did notably issue subpoenas to officials like Energy Secretary Rick Perry, acting White House Chief of Staff Mick Mulvaney and Secretary of State Mike Pompeo, who all denied them. Bolton's attorney reportedly threatened to fight a subpoena initially, but he recently said he will testify if subpoenaed for the Senate trial.
A CNN poll also found that 51 percent of people say Trump should be convicted and removed from office, although Harrington noted, "We've seen plenty of polling that supports the position that American voters should decide who our president is, not partisans in the House of Representatives."
She also called the impeachment inquiry an attempt by Democrats to get a president they don't like out of office, a common argument from Trump's supporters. The Democratic case, she said, is not "about evidence or facts or witnesses."
After Senate Majority Leader Mitch McConnell released a four-page set of ground rules for the trial Monday night, Minority Leader Chuck Schumer said they seemed "designed by President Trump, for President Trump."
"It appears Leader McConnell decided to go along with the president's desire to cover up," said Schumer.
McConnell has said he is taking cues from the rules set forth in the 1999 Clinton impeachment trial. However, in that case, all witnesses had already been deposed and Clinton had provided the House with relevant documents before the Senate trial had begun in earnest. This time, Trump used executive privilege to block key witnesses from testifying and refused to turn over requested documents to the House.
Some progress was made Tuesday as Democrats and Republicans tried to come to an agreement on rules. McConnell agreed to extend the amount of time both sides have to present their cases from two days to three and agreed to allow evidence from the House hearings to be automatically entered into the record.
However, Senate Republicans struck down Schumer's amendment to subpoena documents the White House refused to turn over during the House investigation.
Trump is accused of withholding $400 million in aid from Ukraine in order to pressure the country's president to publicly announce that the Ukrainian government would launch investigations into political rival former Vice President Joe Biden and his son Hunter and attempting to obstruct the investigation into the matter. He was impeached by the House of Representatives last month.
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.
