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).
A full transcript of President Trump's statement from the Diplomatic Reception Room at the White House on Monday morning addressing the mass shootings that took place over the weekend.
President Trump denounced white supremacy and called for a bipartisan effort to combat gun violence on Monday, two days after back-to-back mass shootings in El Paso, Texas and Dayton, Ohio killed nearly 30 people and shocked the nation. He did not propose any major overhaul to gun control legislation.
President Trump announced a deal with the European Union on Friday that will nearly triple the amount of U.S. beef exported to Europe in the coming years. The hike in U.S. beef exports to the EU will boost the industry’s sales in Europe from $150 million to an estimated $420 million annually.
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.
Stock markets worldwide tumbled on Friday following President Trump’s announcement that the U.S. will impose tariffs on $300 billion worth of Chinese imports. Trade groups across industries also came out in fierce opposition to the move, which is the latest escalation in the now years-long trade dispute between the U.S. and China.
The U.S. is escalating the enduring trade war with China with a new round of 10 percent tariffs that will be imposed on $300 billion worth of Chinese imports, President Trump announced Thursday.
The candidate from Hawaii doubled-down on her criticism of the California Senator regarding her record on criminal justice policies like the death penalty and marijuana prosecution.
On Thursday, four major progressive groups announced they will team up this month to use their collective force to put more pressure on lawmakers to open formal impeachment proceedings against President Trump.
These are the headlines you Need 2 Know for Thursday, August 1, 2019.
These are the headlines you Need 2 Know for Thursday, August 1, 2019.
