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.
Senators Bob Corker (R-TN) and James Lankford (R-OK) want to add a trigger to the bill that would repeal certain tax cuts if growth is weaker than expected. Norquist says the danger of adding a trigger is, "it tells people, please invest $100, million in a new factory. And look at our shiny new tax code. Maybe. Sort of. It might change."
The vote is expected Thursday night or early Friday morning.
For full interview [click here](https://cheddar.com/videos/are-middle-class-americans-benefiting-from-president-trumps-tax-plan).
As Russia continues to wage war in Ukraine, 10 million of its citizens have fled their homes according to the UN, with more and more refugees flooding into other European countries. Nancy Dent, senior global communications officer for Europe and Asia at the aid group International Rescue Committee, joined Cheddar News to discuss the deteriorating conditions. “What's really clear from my time at the border today, in particular, is that people really are fleeing for their lives now," she said. "Two million people, 60 percent of the refugee population from Ukraine is now in Poland, and people are arriving with smaller bags really unprepared."
Will Larkins, president and co-founder of Winter Park High School's Queer Student Union and one of the organizers of its
'Say Gay Anyway' walkout, joined Cheddar News to discuss their recent opinion piece for The New York Times titled "Florida's 'Don't Say Gay' Bill Will Hurt Teens Like Me."
Russia's military advances in Ukraine appear to have stalled, as heavy casualties, equipment losses, and a lack of progress on the ground take a toll. Despite the horrific damage caused by the attack, Ukraine's military has held up better than many experts predicted. Elliot Ackerman, author and Marine Corps Veteran, joined Cheddar's Opening Bell to discuss why Ukraine's defense response been such a surprise, and what a stalemate in the war might look like.
Catching you up on what you Need to Know on Mar 21, 2022, with updates on the Russian invasion in Ukraine, a Boeing 737-800 plane carrying 132 people crashed in China, Canadian Pacific rail workers on strike, another possible COVID surge, and the SEC's new climate rules for businesses.
Judge Ketanji Brown Jackson has told senators that she will defend the Constitution and decide cases “without fear or favor” if she is confirmed to the Supreme Court.
David Stryzewski, CEO of Sound Planning Group, joins Cheddar News' Closing Bell, where he says he believes pent-up demand is driving stocks higher and explains how Wednesday's Fed decision continues to impact investor sentiment.
Rachel Thomas, the co-founder and CEO of the non-profit Lean In, joined Cheddar amid Women's History Month, to discuss how the organization is taking on issues that continue to impact the workplace through its Circles program. "These are a program that brings women together in small groups, usually 8 to 12, for support, camaraderie, and to learn together," she said. "We also we have a lot of curriculum so women can learn how to navigate workplace biases, how to negotiate with women." Thomas also applauded President Biden's recent call to action on equal pay for women, noting that businesses must do more to be cognizant of inherent gender and racial biases.
President Joe Biden and China’s Xi Jinping spoke Friday for nearly two hours via a video call as the White House looks to deter Beijing from providing military or economic assistance for Russia’s invasion of Ukraine.
The Senate has passed the Sunshine Protection Act to permanently set U.S. clocks to daylight saving time — meaning you won't need to change them twice a year. Senator Sheldon Whitehouse (D-R.I.) joined Cheddar News to talk about something that hasn't been changed in almost half a century. “Well, I think if you were to start from scratch and have somebody come in and say here's my idea, we're going to have two different times during the year and you're going to shift back and forth between different times and have to reset all your clocks twice a year, you'd probably throw that person out as like having a screw loose," he said regarding the status quo.
