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.
These are the headlines you Need 2 Know for Friday, Aug. 23, 2019.
The Democratic presidential candidate from Vermont drew praise from activists and advocates after revealing his $16.3 trillion plan to combat climate change.
Planned Parenthood is standing by its decision to withdraw from the federal government’s family planning program rather than comply with the Trump administration’s new rule barring referrals to doctors who provide abortions.
These are the headlines you Need 2 Know for Thursday, Aug. 22, 2019.
President Trump on Wednesday reversed his position on lowering payroll taxes to bolster economic growth, telling reporters that “we don’t need it.” The reversal comes as a growing number of economists have warned that a recession in the U.S. is on the horizon.
The new rule, ending the so-called Flores agreement, will allow officials to hold families in detention indefinitely for the duration of immigration cases, which could be much longer than the current 20-day limit.
The minutes released from the July Federal Reserve meeting showed that the interest rate cut was a "mid-cycle adjustment to policy."
China's e-commerce giant is delaying its potential $15 billion listing in Hong Kong because of the region's political instability, according to the Reuters news service.
On World Humanitarian Day, the United Nations honored women aid worker for the vital role they play in emergency situations, and the increasing risk female aid workers put themselves in to help others.
Democratic Congresswoman Carolyn Maloney of New York who co-sponsored the universal background check bill in February slammed President Donald Trump and Senate Majority Leader Mitch McConnell for the lack of movement on gun reform.
