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.
Kerryanne Burke, a former NYS Assembly Attorney & Government Policy Attorney joins Cheddar News to discuss recent protests by municipal city workers who oppose the city's vaccine mandate.
Dr. Rachel Cleetus, Policy Director and Lead Economist of the Climate and Energy Program for the Union of Concerned Scientists, joined Cheddar News to discuss the COP26 summit.
A Freitag pod with Carlo and Baker, talking about the upcoming federal vax-or-test deadline, the most shocking upset of this week's elections, an incredible story of selflessness and Love, Hate, Ate.
Clarence Cox III, a former police chief from Georgia, joined Cheddar to discuss Portland Mayor Ted Wheeler's plans to greatly increase the city's police budget. "I think his investments, as I read and understand, are in the right areas," Cox said. "Body-worn cameras are something that I'm a very big proponent of, and I think the mayor's going in the right direction with some of the initiatives."
Alysa McCall, director of conservation outreach and staff scientist at Polar Bears International, joined Cheddar to discuss the ongoing fight to protect polar bears from extinction while world leaders gathered to discuss the climate crisis. McCall explained her organization's mission "to ensure the long term survival of polar bears by helping ensure their arctic sea ice habitat remains intact." McCall said she hopes actionable steps are taken after the UN climate summit to mitigate the crisis and not just more promises.
Carlo and Baker discuss the fallout from Tuesday's election and the flashing warning sign for Dems ahead of the midterms. Also, a big 2A case at the Supreme Court, Aaron Rodgers has Covid and is in big trouble, and a first for the MCU.
Milton Ezrati, Chief Economist at Vested, joins Cheddar News' Closing Bell, where he breaks down the Federal Reserve's latest policy decision and discusses what he will be listening for most closely when Fed Chair Jerome Powell takes the podium.
