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.
The law passed Thursday places new restrictions on voting by mail and greater legislative oversight of elections. Democrats and voting rights groups say the law will disproportionately disenfranchise voters of color.
President Joe Biden is leaving the door open to backing fundamental changes in Senate procedure to muscle key parts of his agenda past Republican opposition.
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.
Sen. John Hickenlooper (D-Colo.) spoke to Cheddar about how his GOP colleagues should back universal background checks for gun purchasers while avoiding taking a hard stance on changes to the filibuster.
More than three months into the U.S. vaccination drive, many of the numbers paint an increasingly encouraging picture.
Cheddar previews the Thursday, March 25, Congressional hearing to feature Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey, and Google CEO Sundar Pichai.
In an interview with Cheddar, New York State Senator Liz Krueger (D) said that there is now one bill on the table that is almost complete and is agreed upon by all legislative bodies in the state.
Prince Harry has joined the corporate world as employee coaching and mental health firm BetterUp Inc.’s Chief Impact Officer.
Democrats say they are pushing toward a vote on expanded gun control measures as the nation reels from it its second mass shooting in a week.
Rep. Andy Kim of New Jersey talked to Cheddar about his concern that once the news cycle moves on, Americans will forget about the threat that remains against Asian and Asian American people.
