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).
The S&P 500 climbed 0.4% after wavering between small gains and losses in the early going.
An autopsy commissioned for George Floyd’s family found that Floyd died of asphyxiation due to neck and back compression when a Minneapolis police officer kneeled on his neck for several minutes and ignored his cries of distress, the Floyd family’s attorneys said Monday.
Facebook employees are using Twitter to register their frustration over CEO Mark Zuckerberg’s decision to leave up posts by President Donald Trump that suggested protesters in Minneapolis could be shot.
Federal health authorities have received reports of nearly 26,000 nursing home residents dying from COVID-19, according to materials prepared for the nation's governors. That number is partial and likely to go higher.
Leslie Ricard Chambers, deputy executive counsel for Louisiana Governor John Bel Edwards, talked to Cheddar Monday morning, as cities across the country woke up after another night of unrest.
President Donald Trump is deriding the nation’s governors as “weak” and demanding tougher crackdowns on protesters in the aftermath of more violent protests in dozens of American cities.
President Donald Trump spent time in a White House bunker during Friday night's protests outside the executive mansion. Secret Service agents rushed him there as some of the demonstrators were throwing rocks and tugging at police barricades.
America’s cities boarded up windows, swept up glass and covered graffiti Sunday as the country's most significant night of protests in a half-century spilled into another day of unrest fueled by killings of black people at the hands of police.
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.
Minnesota authorities say the police officer who knelt on George Floyd has been arrested
