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 are closing out a tumultuous week with broad gains, led by familiar names in technology including Apple. The S&P 500 rose 1.4% Friday but still ended the week lower, breaking a two-week winning streak.
Jay Farner, CEO of Quicken Loans, told Cheddar Friday that the company is focused on educating customers about their available options.
Cheddar spoke with several small business owners across Georgia to find out which factors went into their decision to either reopen this Friday or stay closed until further notice.
New York has reported its lowest number of daily COVID-19 deaths in weeks. The state on Friday reported 422 deaths as of the day before.
The coronavirus first seen in China is now ravaging the U.S., and Asian Americans are continuing to wrestle with a second epidemic: hate. Hundreds of attacks on Asian people have been reported, with few signs of decline.
Stocks are holding steady in early trading Friday as Wall Street nears the end of its tumultuous week.
Some businesses in Georgia are reopening as the state's governor eases a month-long shutdown despite fears that a new wave of coronavirus infections could result.
Past studies have not found good evidence that the warmer temperatures and higher humidity of spring and summer will help tamp down spread of the virus.
Congress has delivered a nearly $500 billion infusion of coronavirus spending, almost unanimously rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
Outspoken New York Gov. Andrew Cuomo came for Senate Majority Leader Mitch McConnell in a press conference Thursday, accusing him of politicizing coronavirus relief efforts
