On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
Supreme Court Justice Clarence Thomas defended himself against reports that a GOP donor treated him to super luxury vacations.
California Rep. Mark Takano re-introduced a bill for a four-day work week to bring to Congress. "The idea here is to ignite and jumpstart a serious conversation about how long the work week should be," Rep. Takano said. "The next steps are to continue to build interest ... that interest needs to be turned into public sentiment."
Cheddar Explains: How Climate Change is Driving Migration
Supreme Court Justice Clarence Thomas says he wasn’t required to disclose the many trips he and his wife took that were paid for by a Republican megadonor.
The two expelled members are Black and the member not expelled is white.
On A Positive Note: U.S. Taps First Woman to Ever Lead Largest U.S. National Guard
The capacity to burn coal for power went up in 2022 despite global promises to phase down the fuel that’s the biggest source of planet-warming gases in the atmosphere, a report Wednesday found.
Supreme Court Justice Clarence Thomas has for more than two decades accepted luxury trips nearly every year from Republican megadonor Harlan Crow without reporting them on financial disclosure forms, ProPublica reports.
Democrat Robert F. Kennedy Jr., an anti-vaccine activist and scion of one of the country’s most famous political families, is running for president.
A Democratic state lawmaker in North Carolina announced Wednesday that she is jumping to the Republican Party, giving the GOP veto-proof majorities in both the state's legislative chambers that should make it easier to enact conservative policies over the opposition of Gov. Roy Cooper.
