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).
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
Stock indexes edged mostly higher in afternoon trading Friday after President Donald Trump outlined several actions in response to China eroding the autonomy of Hong Kong, but did not mention any moves to upend a trade pact struck with Beijing earlier this year.
President Donald Trump has announced that the U.S. will be terminating its relationship with the World Health Organization.
Some upstate New York business owners who made plans to reopen Friday remain closed amid last-minute confusion over whether their region indeed has the OK to move forward
Twitter has added a warning to one of President Donald Trump's tweets about protests in Minneapolis, saying it violated the platform's rules about “glorifying violence."
Cheering protesters torched a Minneapolis police station that the department abandoned as three days of violent protests spread to nearby St. Paul and angry demonstrations flared across the U.S over the death of George Floyd, a handcuffed black man who pleaded for air as a white police officer kneeled on his neck.
U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Wall Street’s rally ran out of fuel in the last hour of trading on Thursday, and the market fell to its first loss in four days amid worries about rising U.S.-China tensions.
