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).
Netflix may benefit in the short-term from its decision to pull an episode of a comedy show that criticized Saudi Arabia's royal family, but in the long-term, the move could hurt the public's trust in the brand, Jack Crowe of the National Review told Cheddar Wednesday.
The Democratic Party establishment still have a chance to embrace the Green New Deal ー and their success in upcoming elections might just depend on it, Justice Democrats Communications Director Waleed Shahid told Cheddar on Monday.
These are the headlines you Need 2 Know for Wednesday, Jan. 2, 2019.
Elissa Slotkin is ready to swap the farmland of Michigan for the gridlock of Washington. Come Jan. 3, the incoming Democratic congresswoman, a former CIA analyst, will represent Michigan’s 8th District, which President Trump won by a nearly 7-point margin in 2016.
These are the headlines you Need 2 Know for Monday, Dec. 31, 2018.
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.
As 2018 dwindles, we're reviewing the year's most extravagant fails as part of Cheddar's Hall of Shame.
With oil prices nearing 18-month lows, John Hofmeister, former president of Shell Oil, is worried about the negative impact of lower prices. In fact, he says, if prices drop below
$40 a barrel, the cost of production will exceed the revenue it brings. That said, Hofmeister noted that lower oil prices are having a big impact on the consumer. People are driving more, and the impact hits everything from plastics to clothing and air fares.
These are the headlines you Need 2 Know for Friday, Dec. 28, 2018.
New Year's Eve is set to generate major cannabis sales, second only to the iconic marijuana holiday 420, according to MJ Freeway. The global cannabis technology and data company predicts total U.S. sales on New Year's Eve 2018 could reach up to $75 million, within striking distance of the $80 million generated in sales on April 20.
