Senate Republicans on Thursday blocked a Democratic measure to revive the Equal Rights Amendment, dealing yet another blow to supporters who have pushed for more than five decades to amend the Constitution to prohibit discrimination based on sex.
Democrats failed to win the necessary 60 votes to move forward with the resolution, which would have removed a 1982 deadline for state ratification and reopened the process to amend the Constitution.
The 51-47 vote included support from two Republicans, Maine Sen. Susan Collins and Alaska Sen. Lisa Murkowski — well short of the 10 GOP votes needed.
Senate Majority Leader Chuck Schumer, D-N.Y., put the resolution up for a vote this week, even as it was unlikely to pass. He said it was especially timely in the wake of the Supreme Court’s decision last year to overturn Roe v. Wade and the constitutional right to an abortion.
“Women in America have far fewer rights today than they did even a year ago,” Schumer said.
After the vote, Schumer said the Senate is “not giving up,” and would keep trying to pass the measure.
Congress sent the amendment, which guarantees men and women equal rights under the law, to the states in 1972. It gave states seven years to ratify it, later extending the deadline to 1982. But the amendment wasn’t ratified by the required three-quarters of states before the deadline.
At the same time, several states — including Nebraska, Tennessee, Idaho, Kentucky and South Dakota — have attempted to remove their prior approval.
States can support the federal version individually, though it is not ratified into the U.S. Constitution, so those ratifications remain mostly symbolic.
In a statement of policy, the White House said that President Joe Biden “strongly supports” extending the deadline and that it is long past time.
“Gender equality is not only a moral issue – the full participation of women and girls across all aspects of our society is essential to our economic prosperity, our security, and the health of our democracy,” the White House said.
Republicans have argued that Democrats are trying to rewrite history.
“The Democrats’ novel unconstitutional approach bypasses states’ rights and circumvents the process our founders put in place,” said Sen. Kevin Cramer, R-N.D., after the vote. “This is simply another liberal wish list item meant to drive a political wedge.”
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
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Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
