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).
An overnight stampede in Israel kills dozens, a look at the COVID disaster in Latin America, the economic repositioning in America, a new shortage to report and did people really answer the phone without Caller ID?
China has launched the main module of its first permanent space station that will host astronauts long term.
This time the Food and Drug Administration is under pressure from African American groups to remove the mint flavor, which is popular among Black smokers.
Fresh off a high-profile loss against Amazon in Bessemer, Alabama, the union movement in America is more fired up than it's been in a generation.
The headlines from President Biden's first speech to Congress, plus why he's got reason to be sounding optimistic about the state of the pandemic. And would you let a Walmart worker stock your fridge?
The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.
Federal Reserve Chair Jerome Powell stuck to his guns on Wednesday following a two-day policy meeting of the Federal Open Market Committee.
Former President Donald Trump is defending Rudy Giuliani, his longtime personal lawyer, after federal investigators executed search warrants at Rudy Giuliani’s Manhattan residence and office.
President Joe Biden declares “America is rising anew” as he calls for an expansion of federal programs to drive the economy past the coronavirus pandemic and broadly extend the social safety net on a scale not seen in decades.
Jill and Carlo discuss the CDC's updated mask guidance, a deeper dive into the catastrophe in India, what POTUS will pitch to Congress, and the biggest public health breakthrough of the decade that you haven't heard about.
Load More