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).
Andrew Williamson, vice president of global government affairs and economic adviser for Huawei, spoke to Cheddar about the Chinese telecom company's lack of communication with President Biden regarding ongoing trade tensions with the U.S.
As Cheddar celebrates phenomenal women during the month of March, we're taking a second to highlight a few trailblazers who have helped shape the world we live in.
It's official: Lawmakers and Gov. Cuomo have made New York the 15th state to legalize marijuana for recreational use.
Witnesses testified Tuesday that onlookers grew increasingly angry as they begged Minneapolis Officer Derek Chauvin to take his knee off George Floyd’s neck.
Russian President Vladimir Putin has hailed the military’s performance during recent Arctic drills, part of Moscow’s efforts to expand its presence in the polar region.
What happens inside a warehouse in Bessemer, Alabama could have major implications not just for the country’s second-largest employer but the labor movement at large.
President Joe Biden and CDC Director Dr. Rochelle Walensky are making impassioned pleas to Americans not to let their guard down in the fight against COVID-19.
New York lawmakers have finalized an agreement to legalize recreational marijuana sales to adults over the age of 21.
A joint WHO-China study on the origins of COVID-19 says that transmission from bats to humans through another animal is the most likely scenario and that a lab leak of the coronavirus is “extremely unlikely.”
We have another Infrastructure Week on the schedule and if you had “the filibuster isn’t racist” on your 2021 BINGO card, you win a prize. Here’s more about what is and isn’t expected in the Washington Week Ahead.
Load More