After a procedural snafu last night, the House officially passed tax reform this morning. Now the bill goes to President Trump's desk to be signed into law. Jack Hunter, Editor at Rare Politics, explains what happened that forced the House to vote on the bill for a second time. Since Congress is attempting to pass legislation using budget policy, there are a special set of rules that have to be followed. The Senate claimed that the House violated those rules in multiple ways. President Trump could sign the bill into law as soon as tonight. However, even if it gets signed this week, Americans won't feel the effects of tax reform until next year. Hunter walks through some of the ways your taxes could be impacted.

Share:
More In Politics
Return To School Clouded By Mask Mandate Bans In GOP-Led States
Even amid the spread of the Delta variant, Republican governors in states like Florida and Texas have taken actions like banning mask mandates for school districts that will soon bring students back for the year. This argument happens amid a stark increase in pediatric COVID cases. Bianca Quilantan, education reporter at POLITICO, joins Cheddar Politics to discuss.
Next Week on the Street: August 16 to August 20
In stories sure to move markets next week, Robinhood and several retail giants report earnings, Jerome Powell takes the podium, New York City's mask mandate goes into effect, and Tesla hosts its 'AI Day.'
Trump-DeSantis Tensions Coming To Surface
Former President Trump remains the standard-bearer of the Republican Party in his first six months removed from office. But despite his position atop the party, others are moving to shore up their own bona fides. Chief among them is Florida Gov. Ron DeSantis who has signed a bevy of bills popular among conservatives this year. He's viewed as a potential successor to trump, and that's creating tension with the still-present Trump. Matt Dixon, POLITICO Florida bureau chief, joins Cheddar Politics to discuss.
Load More