While the first presidential debate has been widely deemed a disaster and raised questions about the remaining scheduled political bouts, Senator Bob Menendez (D-N.J.) said that former Vice President Joe Biden should still gear up for the long haul.
However, Menendez called on the Commission on Presidential Debates to make some serious changes before the next scheduled rounds. Wednesday afternoon, the Commission announced it will rethink conditions of debates moving forward.
"I think there should be debates but there has to be a different system in which the moderator has to have some control because otherwise the American people get nothing and the nation is further humiliated," he told Cheddar.
"I thought the debate was a national disgrace," Menendez added, placing most of the blame on Trump's incessant interruptions during Biden's responses.
The Democratic senator has long been critical of the president but more so recently, taking him to task on the Senate floor over his reported tax payments of $750 in 2016 and 2017. Menendez said it is absolutely an issue that the American people are concerned about.
"I think no one is happy to pay taxes but they are certainly extremely unhappy when the president of the country pays nothing and they pay more than their fair share," he said.
Menendez also raised questions about the vast amount of debt the president reportedly holds and whether the lenders are foreign entities. "The American people deserve to know that. Several national security experts say that raises a serious national security question."
Like many of his fellow Democrats, Menedez also opposes Trump's nomination of Judge Amy Coney Barrett to the U.S. Supreme Court, calling it a direct threat to the election and an unfair process to the American people.
"Millions of people are voting already. They should have a say in who nominates the next Supreme Court justice by virtue of being elected as president," he explained.
As more people use mail-in ballots in light of the coronavirus pandemic, Trump continues to undermine the legitimacy of the process, potentially setting up a Supreme Court battle that could decide the outcome of the election, but Menedez said that in America, "the people decide the election, not some justice on the Supreme Court."
"If this, in fact, nomination does come up for a vote, which it should not before the election, then I certainly would not be voting for her," Menedez said.
He also pointed to Barrett's position critical of the Supreme Court decision that upheld the Affordable Care Act and her potential ability to dismantle the national health care law as reasons to consider voting against her appointment to the bench.
While there wasn't much to celebrate following last night's debate, Menendez said currently he is enjoying Hispanic Heritage Month.
"Hispanic Heritage Month is important because it is a celebration of the contributions of a community that has had a history in our country since before the founding of the nation," he noted. "The largest minority, fastest-growing in the nation, a trillion-dollar domestic marketplace that comes from the community; and so, these are all the elements that we celebrate at this time every year."
Born to Cuban immigrant parents, who fled to New York City and later relocated to Union City, N.J. in the 1950s, Menendez said the values instilled in him as a young man by his parents carved the path he's currently on, ultimately leading him to become just the sixth Latino person to be elected to the U.S. Senate.
As the U.S. comes up on the first anniversary of the January 6 insurrection.,A.C. Thompson, investigative reporter at ProPublica, joined Cheddar's Baker Machado to discuss updates to American Insurrection by FRONTLINE, ProPublica and Berkeley Journalism’s Investigative Reporting Program. The documentary investigates the attack on the Capitol touched off by the lie that the presidential election was stolen from Donald Trump but with new information gleaned since the event including interviews with lawmakers and law enforcement and the evolution of groups like the Boogaloo Boys and the Proud Boys behind the attack. "In some ways those groups that were kind of the vanguard of January 6 are maybe no longer relevant because their message is everywhere," he said.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
