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.
President Joe Biden says he stands “squarely behind” his decision for the U.S. to leave Afghanistan.
Stock indexes closed at record highs on Wall Street Monday, despite rising coronavirus infections in the U.S. and around the globe, as well as geopolitical concerns in Asia.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
House Speaker Nancy Pelosi is facing a fresh hurdle to passing President Joe Biden’s multi-trillion dollar domestic policy aspirations.
Collapse of Afghanistan, Future of Fast Food & Britney Gets a Win
The U.S. is sending an additional 3,000 troops to Afghanistan to assist in the evacuation of some personnel from the U.S. Embassy in Kabul.
The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge in consumer demand.
A controversial crypto provision, which would impose tax-reporting requirements on a broad cross-section of digital asset holders, slipped into the Senate infrastructure bill despite pushback from the industry's nascent lobbying arm.
Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans could gain some relief after four months of sharp increases that elevated inflation to its fastest pace in more than a decade.
Senate Majority Leader Chuck Schumer is conceding that Democrats face a tough pathway to delivering a $3.5 trillion package for family, health and environment programs to President Joe Biden’s desk.
