Republicans celebrated their first legislative win of the year Wednesday, after both houses of Congress passed a sweeping tax reform package.
But one Democratic congresswoman told Cheddar there’s still hope for constituents who remain opposed to the bill.
“Stay mobilized, let your voice be heard,” Representative Bonnie Watson Coleman (D-NJ) said Wednesday morning, after the Senate voted, but before the House reconvened. “Nothing is permanent but death and taxes, and we can do something about these taxes and we can do something about the makeup of this Congress.”
The president and his party leaders gathered Wednesday afternoon to praise the benefits of the tax system overhaul, which drops the corporate tax rate from 35 to 21 percent, nearly doubles the standard deduction for individuals, and lowers the tax rate for most income brackets.
While the GOP says the long-overdue changes will provide a boost to the economy, Democrats dispute that claim and say the bill will largely benefit the wealthiest Americans and balloon the deficit.
The bill does appear to be broadly unpopular. A recent CNN poll found that 55 percent of respondents opposed the legislation, a 10 percentage point increase since last month. Still, it passed the House by a vote of 224-201 Wednesday afternoon, with only 12 Republican naysayers.
Republicans also took to Twitter to cheer the victory. President Donald Trump posted a gif that read “Tax Cut for Christmas”.
For full interview [click here](https://cheddar.com/videos/rep-bonnie-watson-coleman-d-nj-says-voters-can-change-the-makeup-of-congress-in-2018).
Jill and Carlo talk about the latest from Tokyo including Simone Biles plans to compete in the balance beam final, Dr. Fauci's dire Delta warning, high profile vaccine mandates from employers like Walmart and Disney, and Square's acquisition of Afterpay.
A shortage of ammunition in the U.S. is having an impact on law enforcement agencies, people seeking personal protection, recreational shooters and hunters.
Scientists who studied a big COVID-19 outbreak in Massachusetts concluded that vaccinated people who got so-called breakthrough infections carried about the same amount of the coronavirus as those who did not get the shots.
The Biden administration has announced sweeping new pandemic rules for federal workers and some contractors.
U.S. regulators have taken action that will make it easier to get a cheaper and similar version of a brand-name insulin at the drugstore.
A new interactive tracker from the Atlantic Council shows that 81 countries are at some stage of development with a central bank digital currency, but the U.S. is notably absent from its list of frontrunners.
Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in the clearest sign to date that the nation has achieved a sustained recovery from the pandemic recession.
The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession.
Fed-watchers had their ears peeled after Wednesday's meeting of the Federal Reserve's Open Market Committee for any signal of when the central bank might start tapering its $120 billion in monthly assets purchases.
President Joe Biden and a bipartisan group of senators have reached a deal over major outstanding issues in a $1 trillion infrastructure bill.
Load More