The House of Representatives is expected to re-vote on the Republican Tax bill Wednesday, after procedural problems invalidated the previous votes.
Three portions of the bill reportedly violate the Senate’s Byrd rule, although congress members had already voted 227-203 in favor of the bill. The Senate is expected to continue reviewing its version and vote Tuesday night.
Rep Beto O'Rourke (D-TX), who voted “ no” in the first round of votes, spoke to Cheddar ahead of the most recent snafu, and said that the bill was “terrible”. O’Rourke says Congress had the opportunity to promote upward mobility for low-income and middle class Americans, but doesn’t think the current version does that. Instead, he argues that the plan transfers 86 percent of tax cuts to the wealthy, and knocks 13 million people off health insurance.
“This is the most massive restructuring of the tax code in more than 30 years, and unfortunately this was a blown opportunity,” Rep. Beto O'Rourke (D-TX), told Cheddar.
Before the voting glitch was revealed, President Donald Trump, Vice-President Mike Pence, and Speaker of the House Paul Ryan, all took to Twitter to celebrate the win. Notably, Speaker Ryan says that the bill is going to help struggling Americans who are living “paycheck-to-paycheck.”
“We said in 2016 that it will take real tax reforms for families and businesses to get the economy growing, and we were serious,” he said.
For full interview [click here](https://cheddar.com/videos/congressman-beto-orourke-d-tx-is-taking-on-texas-senator-ted-cruz).
U.S. consumers increased their spending by a sluggish 0.5% in October, the weakest gain since April when the pandemic first erupted and a sign that Americans remain wary with the virus resurging across the country and threatening the economy.
Bob Pinnegar, president of the National Apartment Association, discusses the impending housing crisis should a stimulus bill fail to materialize quickly.
Here are the headlines you Need2Know for Tuesday, November 25, 2020:
Scottish lawmakers have unanimously passed legislation that will make period products freely available to anyone who needs them.
The General Services Administration has ascertained that President-elect Joe Biden is the “apparent winner” of the Nov. 3 election.
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies.
Jennifer Horn, a co-founder of the Lincoln Project and former New Hampshire GOP chair, had sharp words for Republicans for sticking with President Trump.
AstraZeneca reported that its vaccine is 90% effective and cheaper to distribute than vaccines from its competitors. Meanwhile, the U.S. is averaging 1,500 deaths per day according to Johns Hopkins.
Joe Biden expressed concern Thursday that President Donald Trump's unprecedented attempt to block the peaceful transition of power at the White House has hindered the flow of information about programs to fast-track a coronavirus vaccine.
With both of Georgia's Senate races moving on to runoff elections, Democrat Jon Ossoff has another six weeks to make his case to voters.
Load More