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).
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
About 678,000 jobs were created in February, hundreds of thousands more than predicted, according to the latest Labor Department report, showing a broad economic recovery despite inflation woes. Heather Boushey, member of the Council of Economic Advisers for President Biden, joined Cheddar News to talk about the employment figures. "This really shows that the economy is now more resilient because of the tools that we have in place," Boushey said. "So I'm optimistic that we'll be able to weather future storms."
Ramit Varma, Independent candidate for Mayor of Los Angeles, joins Cheddar News to discuss the race and how he plans to tackle critical issues in the California city.
Tyler Pager, White House reporter at the Washington Post, and Reecie Colbert, founder of BlackWomenViews Media, join Cheddar Politics to discuss President Biden's Supreme Court nominee Judge Ketanji Brown Jackson. They break down how her nomination came to be and what comes next in her confirmation process.
Joel Rubin, former deputy assistant at Secretary of State & president of the Washington Strategy Group, joins Cheddar News to break down the latest between Russia and Ukraine.
Nicole Goodkind, business and politics reporter at Fortune Magazine, joins Cheddar Politics to break down President Biden's first State of the Union address.
Londoners are facing travel chaos after around 10,000 transport workers walked off their jobs for the second day this week, leaving almost all of the capital’s subway lines suspended or severely disrupted.
Rep. Carolyn Maloney joined Cheddar News after President Biden's State of the Union address to give her reaction and talk about the situation in Ukraine.
UN and Ukrainian officials say no radiation was released from a Russian attack at Europe’s biggest nuclear power plant in Ukraine and firefighters have extinguished a blaze at the facility..
Liz Landers Chief Political Correspondent at Vice News, breaks down the President's address including his stance on the Russian invasion and spotlights historic moments during his speech.
