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).
These are the headlines you Need 2 Know for Tuesday Jan. 15, 2019.
When William Barr, President Trump's nominee for attorney general, appears before the Senate Judiciary Committee on Tuesday for his confirmation hearing, his views on executive privilege will be under the microscope. "Mr. Barr has expressed some very broad views of executive authority and he's also expressed a very strong view that a president cannot be criminally charged," Jennifer Daskal, Associate Professor of Law at American University, told Cheddar on Monday.
Weak economic data from China and the ongoing government shutdown appeared to drag down the major U.S. indexes on Monday morning. SpaceX is slashing its workforce by 10 percent in an effort to become "leaner." Plus, we sit down with Emmy-award winning actor and producer Yeardley Smith who is most famous for voicing the iconic cartoon character, Lisa Simpson.
These are the headlines you Need 2 Know for Monday, Jan. 14, 2019.
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.
Rep. John Garamendi (D-Calif.) warned President Trump not to mess with emergency funding for California on Friday after the commander-in-chief threatened to cut off disaster-relief in the fire-ravaged state. In a tweet on Wednesday, Trump suggested that California itself was to blame for the wildfires that killed 86 people and destroyed thousands of homes last year, and said he was considering pulling its FEMA funds.
The housing market is slowing down ー and that's not necessarily a bad thing. So says Tendayi Kapfidze, chief economist for LendingTree, who told Cheddar Friday what to expect from the housing market this year.
Is it time for the federal government to hire its own chief information officer? Rep. Will Hurd (R-Tex.) thinks so. He told Cheddar Friday that the recent spate of major data breaches warrant a federal czar to help protect consumers and potentially even levy penalties on companies that don't do enough to safeguard users' information.
As the government shutdown approaches the milestone of becoming the longest in history, Transportation Security Agency employees are feeling the strain ー and soon, so will travelers, Joe Shuker, a TSA union representative, told Cheddar.
These are the headlines you Need 2 Know for Friday, Jan. 11, 2019.
