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 vaccine efforts roll out across the U.S., in-person events are slowly resuming, but many cannabis companies have chosen to host their events online or throw hybrid in-person and virtual events.
A fiery crash near Houston with no one behind the wheel of a Tesla is drawing scrutiny from federal agencies that could bring new regulation of electronic systems that take on some driving tasks.
Despite a measurable impact that the COVID-19 pandemic made on carbon emissions throughout 2020, researchers are warning that to hold back climate change, nations need to keep pushing for reductions.
Apple said it has an agreement to reinstate Parler, the social network popular with supporters of former President Donald Trump it kicked off its app store in January over ties to the deadly siege on the U.S. Capitol.
The United States and China, the world’s two biggest carbon polluters, have agreed to cooperate to curb climate change with urgency.
Ezra Kucharz, chief business officer at DraftKings, talked to Cheddar about the online sportsbook's deal with the NFL and the future of legal sports gambling in the U.S.
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.
Rep. Mondaire Jones (D-N.Y. 17th District) is the first member of Congress to call on 82-year-old Justice Stephen Breyer, who was appointed by President Bill Clinton, to retire.
Nine lives notwithstanding, killing a cat in a hit-and-run soon could become illegal in New Hampshire.
Cheddar takes a closer look at the controversy surrounding COVID-19 "vaccine passports."
