Grover Norquist Explains Why the Tax Reform Bill Will Pass
Sen. John McCain said this morning that he would vote in favor of the Republican tax bill. Grover Norquist is the founder and president of Americans for Tax Reform to explain why he's optimistic the bill will pass.
Norquist, who has been bullish on the bill all along, says the fact that McCain's made his announcement now, not later, means "we will have a signed bill for Christmas." He also points out how well the stock market has reacted to McCain's announcement.
Norquist also says that Americans shouldn't be concerned about the rapid passage of the legislation because "the Senate has had 70 hearings on this bill alone." During the vote, in fact, The anti-tax crusader thinks we may see a handful of Democrats who decide to associate themselves with the bill. The vote is expected Thursday night or early Friday morning.
Progress for the LGBTQ community was made last week when Andi Mudryk, a long-time disability advocate, became the first openly transgender person appointed to the bench in California. Chris Johnson, White House reporter for the Washington Blade, joins Cheddar News to discuss.
President Biden proposed a new billionaire’s tax, that would subject the richest Americans to a minimum tax rate of 20 percent. The White House says billionaires pay an average tax rate of just eight percent, much lower than the national average of 22 percent. Cheddar News speaks with ProPublica’s Paul Kiel who explains how the regulation would work.
The most popular and most valuable cryptocurrency is also the least eco-friendly - data shows that Bitcoin mining generates the same amount of carbon emissions as the entire country of Thailand. According to nonprofit Fair Planet, 96 million tons of carbon dioxide emissions come from Bitcoin mining every year. Now, a consortium of climate activist groups is calling on the Bitcoin industry to cut its energy use by making changes to its software code. Michael Brune, former executive director of the Sierra Club, joins Cheddar News' Closing Bell to discuss.
Imani Gandy, senior editor for law and policy at Rewire News Group, and co-host of the podcast Boom! Lawyered, joins Cheddar Politics to discuss Ketanji Brown Jackson's upcoming confirmation hearings, and the politics surrounding several Republican attack lines against her in the lead-up.
Susannah Wellford, founder and CEO of Running Start, joins Cheddar News to discuss getting more women involved in politics. Running Start helps provide women and girls the tools they need to get involved in politics, and to see a future where they can become political leaders.
Congressional candidate Melanie D'Arrigo came on Cheddar Politics to talk about her campaign for the Democratic nomination in New York's Third Congressional district. The progressive activist ran in the 2020 primary against incumbent Democratic Rep. Tom Suozzi. The seat is open this time, as Suozzi seeks the New York Governorship.
Reecie Colbert, founder of Black Women Views Media, breaks down the roles of race and partisanship in the Senate hearings for Supreme Court Nominee Judge Ketanji Brown Jackson. She also discusses the importance of standing up for Black women in the public sphere.
Michael Kirk, director of the new Frontline documentary 'Pelosi's Power,' joins Cheddar Politics to discuss House Speaker Nancy Pelosi's long career as a Democratic leader in Congress.
President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months in a bid to control energy prices.
