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).
It's been 54 years since the Voting Rights Act was signed into law by President Lyndon B. Johnson, and for 50 years it stood as rock-solid. All that changed with a 2013 Supreme Court case in Shelby v Holder, where judges ruled that states no longer require federal approval to impose new voting laws as previously codified in the Voting Rights Act.
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.
These are the headlines you Need 2 Know for Friday, November 29, 2019.
These are the headlines you Need 2 Know for Wednesday, November 27, 2019.
Phil Arballo, a Mexican-American businessman competing in the Democratic primary for California's 22nd district House seat, says he's received $300,000 donations in light of GOP Rep. Devin Nunes pro-Trump.
With "no sign of slowdown" in the concentrations of greenhouse gases according to a report by the UN's World Meteorological Organization, the international body renews its call for drastically reducing emissions globally.
These are the headlines you Need 2 Know for Tuesday, November 26, 2019.
After months of speculation, former NYC Mayor Mike Bloomberg made it official that he's running for president, and the media outlet he founded has outlined how they plan on covering the race from this point forward.
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.
These are the headlines you Need 2 Know.
