House Passes Tax Reform Sending Bill To President Trump's Desk
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.
Andrew Desiderio, Congressional Reporter for The Daily Beast, talks the GOP's passing of tax reform and the President's scoring his first major legislative win of his administration. We dig into what this means for the future of the GOP as we head into the 2018 and 2020 elections.
It's an early Christmas for Republicans. Tax reform has passed, which means the Obama-era individual mandate has officially been eliminated. Jacqueline Ayers, Director of Legislative Affairs at Planned Parenthood Federation of America and Planned Parenthood Action Fund, joins Cheddar to discuss how the new bill will impact women's health.
Congressman Beto O'Rourke has represented Texas' 16th district since 2012. Now he is seeking out a new job in the Senate. He is running against Republican incumbent and former presidential candidate Senator Ted Cruz, and he thinks that he can win.
Congressman O'Rourke is on a mission to visit all 254 counties in Texas to listen to constituents who want to see change in Washington. His Senate campaign has already raised more the Senator Cruz's campaign, and he is not accepting money from any special interests groups or super PACs. The congressman says Ted Cruz's popularity is below that of embattled Republican Senate candidate Roy Moore, who is an accused child molester.
Representative O'Rourke is confident he will beat Ted Cruz come November 2018. He views the Tax Bill and other Republican-passed legislation as an opportunity for Democrats to empower voters to get off of the sidelines and get involved with politics. The congressman says his race in Texas is not just important for the state, but critically important for the country.
Stitch Fix shares plunged after the company's first earnings report and the Senate passes tax reform. We also look a new interstellar object and what Patagonia's move in defiance of the president has meant for sales. Plus our weekly personal finance show "Your Cheddar," presented by Ally.
Early Wednesday morning the Senate passed its tax reform bill, hours after it was sent back to the House for a re-vote. Romina Boccia, Deputy Director at The Heritage Foundation, joins Cheddar to discuss how the bill will impact small companies and what she wishes was included in the legislation.
