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).
Stocks swung solidly higher on Wall Street in afternoon trading Monday after the Federal Reserve said it would begin buying individual corporate bonds, the central bank’s latest move to prop up volatile financial markets through the economic fallout of the coronavirus pandemic.
GLAAD CEO and president, Sarah Kate Ellis, on the need for more LGBTQ support amid the groundbreaking SCOTUS decision upholding workplace civil rights law for LGBTQ Americans.
The Food and Drug Administration said Monday that the drugs hydroxychloroquine and chloroquine are unlikely to be effective in treating the coronavirus.
Driven by a rare urgency, Senate Republicans are poised to unveil an extensive package of policing changes that includes new restrictions on police chokeholds and other practices.
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.
In its semi-annual monetary policy report to Congress, the central bank said that the COVID-19 outbreak was causing “tremendous human and economic hardship across the United States and around the world.”
New York Gov. Andrew Cuomo has signed into law a sweeping package of police accountability measures that received new backing following protests of George Floyd's killing.
Connecticut Attorney General William Tong joined Cheddar to discuss the details of the investigation into the price-fixing of generic drugs.
What exactly "defund" means in practice varies depending on who you're asking, but the broader goal is simple: funnel money away from law enforcement into other public programs.
The problem of homelessness continues to get worse in Los Angeles County. The number of homeless people counted over the past year jumped nearly 13% to more than 66,000 and officials fear another spike due to the impact of the coronavirus pandemic.
Load More