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).
One day after saying that the COVID-19 task force would be winding down, President Donald Trump says it would continue on indefinitely, but focus on rebooting the economy.
David Banmiller, an airline industry insider and former CEO of Pan Am, doesn't like referring to the $25 billion of relief the airline industry got from the federal government as a 'bailout.'
An Associated Press analysis finds that taking the New York metropolitan area’s progress against the coronavirus out of the equation shows the rest of the U.S. moving in the wrong direction, with the infection rate rising even as states move to lift their lockdowns.
Stocks closed higher on Wall Street but gave up about half of their early gains in a late-afternoon bout of selling. The S&P 500 rose 0.9% Tuesday after being up 2% earlier.
Vice President Mike Pence says the White House coronavirus task force could wind down its work by early June.
Randi Weingarten, president of the American Federation of Teachers, told Cheddar on Tuesday that they were not prepared to switch so quickly and have been working well with what they have, but online learning simply isn't the same as teaching in person.
The trip means a small army of advisers, logistical experts and security staff will also resume regularly hitting the road and taking a measure of risk to assist Trump.
Stocks are rallying worldwide on Tuesday as more countries relaxed restrictions on businesses, raising hopes for a recovery from the historic plunge sweeping the global economy.
As governments around the world consider how to monitor new coronavirus outbreaks while reopening their societies, many are starting to bet on smartphone apps to help stanch the pandemic. But their decisions on which technologies to use — and how far those allow authorities to peer into private lives — are highlighting some uncomfortable trade-offs between protecting privacy and public health.
The stock market shook off a weak start and ended with modest gains Monday, thanks to another solid showing from big technology companies.
Load More