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).
Kyle Martino, candidate for U.S. Soccer president, breaks down his campaign and explains how his views are different from the other candidates. Martino was a professional soccer player for six years.
Arkansas Governor Asa Hutchinson discusses the Republican tax overhaul and how he expects it to affect job growth in his state.
CRTV's Jon Miller and The Root's Michael Harriot join Cheddar to discuss the release of the Republican memo and the Democrats' efforts to declassify their counter memo.
It's been a rough week for Bitcoin. The cryptocurrency dropped below $8,000 on Friday, marking the third biggest drop over a five-year span. Foreign governments are reportedly skirting international sanctions through the use of cryptocurrency. The Dow closed down around 670 points, the biggest drop in two years.
In cultures around the world families and friends pool their money together into a single pot of money. The process is called esusu, and a new app has adopted the name and making the process easier than ever.
The Hive co-hosts Kristen Scholer and Jon Kelly discuss the top 5 hottest stories in tech and politics. From Melania Trump's appearance at the State of the Union to Mark Zuckerberg's play for local news, The Hive has the latest news you need to know.
Devin Nunes memo released, streaming services walk away from Sundance empty-handed, and Grammy president responds to calls for him to step down.
Your Future Home: Housing trends and tips with Quicken Loans. On Between Bells: Super Bowl LII preview, Super Mario goes to Hollywood, and more. With GameSpot, FHM, Citi, and NerdWallet.
Apple's revenue grew considerably during the most recent quarter but iPhone sales were down. There was good news and bad news in the earnings report for Alphabet, the parent company of Google. And Amazon soared past Wall Street expectations thanks to strong holiday sales. We dive into these earnings reports with Gene Munster, Managing Partner at Loup Ventures. Plus, Cheddar's CEO Jon Steinberg talks to veteran newsman Dan Rather about his new partnership with The Young Turks.
Legendary newsman Dan Rather opens up to Cheddar CEO Jon Steinberg about his partnership with The Young Turks. Rather will host a daily half-hour show called "The News With Dan Rather."
