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).
The Trump administration significantly weakened the Endangered Species Act (ESA) this week, largely gutting its implementation mechanisms to allow for greater economic development in protected habitats. The decision — announced by the U.S. Secretary of the Interior on Monday — was widely condemned by critics who say the revised regulations will hurt biodiversity and wildlife at a most precarious time.
Argentina’s stock market and currency value plummeted this week following a shocking electoral defeat on Sunday for President Mauricio Macri, the nation’s conservative leader.
Markets soared Tuesday morning following the Trump administration's decision to delay and revise its latest round of punitive tariffs against China. The Dow jumped over 400 points while the S&P 500 and the Nasdaq Composite both rose roughly 2 percent.
The Iowa caucus is still six months away but Democrats are not wasting any time in their effort to return the state to their side of the aisle. Yet the confidence is equally strong within the Republican party.
VineSight, an AI-based start-up, is working to detect misinformation attacks against candidates like Joe Biden or Kamala Harris early during their campaigns.
These are the headlines you Need 2 Know for Monday, Aug. 12, 2019.
Hong Kong International Airport came to crippling halt on Monday with thousands of anti-government protesters occupying the airport’s main terminals. Authorities said operations have “been seriously disrupted” and cancelled all flights in and out of the major international hub.
Michael Sonnenshein, managing director of Grayscale, told Cheddar that recent developments in the U.S.-China trade war are proving to be evidence that Bitcoin has emerged as a safe-haven asset.
The company has announced that it is donating 5,000 units of the generic version of Plan B for women in need as part of a collaboration with the nonprofit Power to Decide.
2020 Democratic presidential hopefuls are bringing the gun debate to 165th annual Iowa State Fair.
