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 Trump administration significantly weakened the Endangered Species Act (ESA) this week, largely gutting its implementation mechanisms to allow for greater economic development in protected habitats. The decision — announced by the U.S. Secretary of the Interior on Monday — was widely condemned by critics who say the revised regulations will hurt biodiversity and wildlife at a most precarious time.
Argentina’s stock market and currency value plummeted this week following a shocking electoral defeat on Sunday for President Mauricio Macri, the nation’s conservative leader.
Markets soared Tuesday morning following the Trump administration's decision to delay and revise its latest round of punitive tariffs against China. The Dow jumped over 400 points while the S&P 500 and the Nasdaq Composite both rose roughly 2 percent.
The Iowa caucus is still six months away but Democrats are not wasting any time in their effort to return the state to their side of the aisle. Yet the confidence is equally strong within the Republican party.
VineSight, an AI-based start-up, is working to detect misinformation attacks against candidates like Joe Biden or Kamala Harris early during their campaigns.
These are the headlines you Need 2 Know for Monday, Aug. 12, 2019.
Hong Kong International Airport came to crippling halt on Monday with thousands of anti-government protesters occupying the airport’s main terminals. Authorities said operations have “been seriously disrupted” and cancelled all flights in and out of the major international hub.
Michael Sonnenshein, managing director of Grayscale, told Cheddar that recent developments in the U.S.-China trade war are proving to be evidence that Bitcoin has emerged as a safe-haven asset.
The company has announced that it is donating 5,000 units of the generic version of Plan B for women in need as part of a collaboration with the nonprofit Power to Decide.
2020 Democratic presidential hopefuls are bringing the gun debate to 165th annual Iowa State Fair.
