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).
These are the headlines you Need 2 Know for Thursday, Dec. 13, 2018.
A new platform is inviting politically progressive consumers to vote with their wallets. The Progressive Shopper platform is designed to educate left-leaning shoppers about political donations made by their favorite brands.
All eyes were focused on Google CEO Sundar Pichai when he testified in front of Congress on Tuesday. But stealing the spotlight was a face in the background ー the Monopoly Man, resurfacing to troll corporate America once again. According to Ian Madrigal, the D.C. attorney behind the viral persona, the mustachioed figure is the ultimate symbol of corporate malfeasance.
Amazon's HQ2 decision was among the greatest "PR scams" in history, according to the state senator that represents the New York district that will be home to one-half of the new split headquarters. Michael Gianaris, the Democratic state senator from New York's 12th district, which includes Long Island City, told Cheddar that the state badly misplayed its hand in giving Amazon billions in incentives to build an outpost in the booming Queens waterfront neighborhood.
Sensing the shifting political winds, New York Gov. Andrew Cuomo is reportedly planning to introduce a "green new deal" that would legalize recreational pot as part of the inaugural speech he will deliver from Ellis Island on New Year's Day.
These are the headlines you Need 2 Know for Wednesday, Dec. 12, 2018.
Gene Munster isn't worried about Apple. The managing partner of Loup Ventures and venture capitalist told Cheddar Tuesday that the tit-for-tat with Qualcomm over iPhone sales in China is insignificant for Apple's long-term value.
These are the headlines you Need 2 Know for Tuesday, Dec. 11, 2018.
Boris McGiver didn't need to research his journalist character on "House of Cards" ー he simply had to read the scripts.
"The writing was and remains so good," McGiver said Monday of the show, which was the first of Netflix's ($NFLX) binge-watchable programming when it premiered in 2013 and is now wrapping up after six seasons.
As Cheddar reflects on 2018, we are profiling the most innovative, flamboyant, and often-controversial entrepreneurs and corporate leaders who delivered the year's most memorable moments in business. Cheddar's Class Clown Award Goes to Elon Musk.
