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.
A new bill in Illinois would require potential gun buyers to reveal their public social media accounts to state police. The ACLU is now speaking out against the idea, citing privacy and bias concerns. "The things that social media would show are one's political views, perhaps one's religion, and even in some instances someone's race," Edwin Yohnka, director of communications and public policy at ACLU of Illinois, told Cheddar.
For veteran congresswoman and cancer survivor Gwen Moore of Wisconsin, the issue of healthcare is both political and personal. She discussed President Trump's vow "to protect patients with pre-existing conditions" with Cheddar.
These are the headlines you Need 2 Know for Friday, Feb. 8, 2019.
President Trump's economic adviser Larry Kudlow slammed Democratic tax and banking proposals as un-American in an interview with Cheddar's J.D. Durkin on Thursday. "I'm afraid some of my Democratic friends are going back to a war on business," Kudlow said.
It's a topic that has evaded recent political campaigns, but thanks to a superstar representative from New York, tax and bank reform could be one of the biggest campaign issues leading into 2020. Rep. Alexandria Ocasio-Cortez (D-NY) has used her Twitter feed to call out the big banks. Pete Schroeder, who covers finance for Reuters, talked to Cheddar about how the big banks are getting ready.
These are the headlines you Need 2 Know for Thursday, Feb. 7, 2019.
If there's one issue on which President Trump and Congress can work together, it's infrastructure. That's according to Henry Cisneros, a veteran private equity investor and former HUD Secretary under President Bill Clinton.
President Trump laid out his vision and for the second half of his term and took a victory lap in his annual address to the nation Tuesday night, saying "the state of our union is strong."
These are the headlines you Need 2 Know for Wednesday, Feb, 6, 2019.
President Trump delivered his State of the Union address from the floor of the House Chamber of the U.S. Capitol on Tuesday night. In his speech, Trump touted the strength of the U.S. economy -- including gains for women, which were cheered by those on the chamber floor -- and called again for a border wall to prevent illegal immigration.
