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 Joe Biden visited the collapsed bridge in Pittsburgh that fell just hours before his previously scheduled trip to promote his infrastructure package — a new law that aims to prevent just such disasters.
President Joe Biden and first lady Jill Biden have added a cat to their pet family. The cat's name is Willow, and she's a 2-year-old, green-eyed, gray, and white tabby from a Pennsylvania farm.
Denmark’s government says it will scrap most pandemic restrictions next week, even as neighboring Sweden has extended its own measures for another fortnight.
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Supreme Court Justice Stephen Breyer confirmed that he will retire at the end of the high court's current term.
A conservation group is turning over a historic redwood grove on the Northern California coast to descendants of the original Native American inhabitants.
A California city has voted to require gun owners to carry liability insurance in what's believed to be the first measure of its kind in the United States.
Arguably the biggest challenge to the rise of electric vehicles is their outsized demand for rare earth minerals. Cheddar's Alex Vuocolo does a deep dive into the struggle over securing supply chains for a green tech future.
New research suggests giving extra cash to low-income mothers can change their infants’ brain development.
The Pentagon says that Defense Secretary Lloyd Austin has put about 8,500 troops on heightened alert, so they will be prepared to deploy if needed to reassure NATO allies in the face of ongoing Russian aggression on the border of Ukraine.
Load More