Democratic Congressman Hakeem Jeffries represents the eighth district of New York. He believes the Republican tax plan will protect millionaires and hurt middle-class Americans. The Congressman says that, despite an emphasis on reducing the federal deficit, the current plan will increase it by over a trillion dollars.
"This is really a smokescreen that has been put forth to pretend as if it's going to benefit everyday Americans," he says, "when the GOP tax proposal is really all about helping out millionaires, billionaires, and big corporations and showering them with a massive tax cut, exploding the deficit by about $1.5 trillion."
One of the key points of the GOP's policy is the elimination of state and local tax deductions for individual Americans, which could hit the constituents of high tax states like California and Jeffries' own New York. The White House argues that it's the states' decision to tax residents so much and that they shouldn't get a break because of it.
But Jeffries points out that the GOP's plan still allows corporations to deduct their state and local taxes. "The only reason it's being done, is because this is all about big business and wealthy Americans."
Democratic leaders Chuck Schumer and Nancy Pelosi declined an invitation by President Trump to meet with him at the White House and discuss tax reform. Congressman Jeffries believes that was a wise decision, because the President is not actually interested in reaching a bipartisan agreement.
Republicans also need to pass a short-term spending bill to fund the government, or it will shut down on December 8th. Congressman Jeffries says it would be unreasonable if Republicans try to blame a government shutdown on Democrats when the GOP holds both houses of Congress and the White House.
President Biden wants to repeal a Trump-era policy called Title 42, which makes it harder for migrants to seek asylum. A federal judge has temporarily blocked the administration from letting this happen. Cheddar News is joined by Maria Pabon, Dean Brian Bromberger Distinguished Professor of Law at Loyola University, to discuss.
Politico's Defense Reporter Paul McLeary joined Cheddar News' Closing Bell to discuss the significance of cabinet members Secretary of State Antony Blinken and Defense Secretary Lloyd Austin's recent trip to Ukraine, and to break down how the U.S. is furthering its support for the besieged nation as Russian aggression intensifies.
Vice President Kamala Harris tested positive for COVID-19 on Tuesday, the White House announced. That's underscoring the persistence of the highly contagious virus even as the U.S. eases restrictions in a bid to revert to pre-pandemic normalcy.
Catching you up on what you need to know on April 26, 2022, with Elon Musk’s purchase of Twitter for $44 billion, Russia warning of a possible threat of World War III, the FDA approving a COVID treatment for children under 12, and more.
The Supreme Court is taking on the case of Joseph Kennedy, who was fired from his job as Bremerton High School assistant coach in Washington for his post-match prayers that were joined by students. Rachel Laser, President and CEO of Americans United for Separation of Church and State, joins Cheddar News to explain the possible implications of a ruling.
Student loans are affecting about 46 million Americans across the country, adding up to nearly $1.7 trillion of debt total. President Biden has announced a handful of actions designed to bring millions of borrowers a step closer to debt forgiveness. Katie Lobosco, writer for CNN Politics, joins Cheddar News to discuss.
Once called the rent-forever generation, Millennials are bucking the trend. But just as they age into their prime home-buying years, they’ve run up against a red hot housing market exacerbated by the coronavirus pandemic. Cheddar News senior Reporter Chloe Aiello went to Hudson, N.Y., to learn more.
A New York judge has found former President Donald Trump in contempt of court for failing to adequately respond to a subpoena issued by the state’s attorney general as part of a civil investigation into his business dealings.