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).
A full transcript of President Trump's statement from the Diplomatic Reception Room at the White House on Monday morning addressing the mass shootings that took place over the weekend.
President Trump denounced white supremacy and called for a bipartisan effort to combat gun violence on Monday, two days after back-to-back mass shootings in El Paso, Texas and Dayton, Ohio killed nearly 30 people and shocked the nation. He did not propose any major overhaul to gun control legislation.
President Trump announced a deal with the European Union on Friday that will nearly triple the amount of U.S. beef exported to Europe in the coming years. The hike in U.S. beef exports to the EU will boost the industry’s sales in Europe from $150 million to an estimated $420 million annually.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stock markets worldwide tumbled on Friday following President Trump’s announcement that the U.S. will impose tariffs on $300 billion worth of Chinese imports. Trade groups across industries also came out in fierce opposition to the move, which is the latest escalation in the now years-long trade dispute between the U.S. and China.
The U.S. is escalating the enduring trade war with China with a new round of 10 percent tariffs that will be imposed on $300 billion worth of Chinese imports, President Trump announced Thursday.
The candidate from Hawaii doubled-down on her criticism of the California Senator regarding her record on criminal justice policies like the death penalty and marijuana prosecution.
On Thursday, four major progressive groups announced they will team up this month to use their collective force to put more pressure on lawmakers to open formal impeachment proceedings against President Trump.
These are the headlines you Need 2 Know for Thursday, August 1, 2019.
These are the headlines you Need 2 Know for Thursday, August 1, 2019.
