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 public petition for the British government not to go through with Brexit gained so many signatures that the Parliament website crashed on Thursday.
There's a phenomenon on the internet called the "Streisand Effect," whereby a person's attempt to suppress information ends up widely publicizing that very same information. It was named after a situation an incident when Barbra Streisand tried to keep images of her Malibu mansion off the web and inadvertently drew massive amounts of attention to it. And it's why Devin Nunes' mom was trending on Twitter Tuesday morning.
The Democratic National Committee stands by its decision not to allow Fox News to host a Democratic primary debate in the 2020 presidential election, a party official told Cheddar on Thursday. "Our role at the DNC is to make sure we have a fair process and we do not believe Fox News can have a fair debate,” the DNC communications director Xochitl Hinojosa said.
In a presidential field that's growing more crowded by the day, Hawaii Rep. Tulsi Gabbard is looking to stand out by making foreign policy central to her campaign while her fellow Democratic candidates tussle over progressive moonshots like the Green New Deal or Medicare for All. At a campaign event in Concord, N.H., during the Presidents Day weekend, Cheddar's J.D. Durkin spoke with Gabbard, who said her agenda is based on her belief that the U.S. is "addicted" to regime-change wars.
These are the headlines you Need 2 Know for Tuesday, Feb. 19, 2019.
While New York City is mired in finger-pointing over the loss of Amazon's HQ2, Senator Cory Booker of New Jersey urges the company to reconsider the bid that Newark made.
According to House Ways and Means Committee Member Judy Chu, the GOP "made false claims" about the tax bill that passed in December of 2017 and is taking effect this tax season. "They said things like the American public would get on the average a $4,000 per person increase. Well, that is certainly not the case," Chu, a California Democrat, told Cheddar.
Bradley Tusk, the founder and CEO of Tusk Strategies and former campaign manager of Mayor Michael Bloomberg, knows exactly why Amazon's HQ2 plans in New York City fell apart. "It's not that we didn't get it because of some geopolitical economic trend or something out of our control. We didn't get it because our own politicians and Amazon themselves were too incompetent and too arrogant and too tone deaf to get it right," Tusk told Cheddar.
Amazon's blog post announcing it will pull the plug on its New York City headquarters is nothing but a bluff to bring politicians back to the negotiating table, said D.A. Davidson Analyst Tom Forte. "Absolutely Amazon's bluffing," Forte told Cheddar Friday.
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.
