Despite the Senate quickly removing the controversial $15 federal minimum wage hike passed in the House version of the latest COVID stimulus bill, Republican lawmakers are still speaking out against other items included in the plan as Senate Democrats rush to finalize their version of the bill.
For Rep. Kat Cammack (R-Fla. 3rd District), the price tag, which includes checks for qualified Americans, is too high.
"As far as the stimulus, that is a temporary solution and, again, it just adds to the further debt that our nation is in. For us, as millennials, this is killer because this is on our shoulders. The generations before us, they're not going to have to deal with these problems of sequestration," she told Cheddar. "It's millennials and Gen Zs that are really footing the bill for this."
At 33 years old, Cammack is currently one of the youngest members serving in the House.
In a letter to President Joe Biden, Cammack said approving another trillion-dollar spending bill would be irresponsible, in part, because funds from previous relief bills still have not been allocated.
The cost of the COVID relief bill was not the only concern for Cammack, however. The Florida congresswoman described other measures in the bill as a "wish list of projects" that Democrats are trying to push through.
"It has nothing to do with rescuing America from this pandemic. It had nothing to do with COVID relief," she alleged. Cammack stressed the need to get vaccines for Americans interested in receiving it and reopening schools.
"What does an underground tunnel in Silicon Valley have to do with COVID relief? What does a bridge in New York have to do with COVID relief? This was just some of the garbage that was tucked into this bill," she protested.
While a new poll from Morning Consult and Politico showed more than 70 percent of voters -- including more than half of GOP voters -- support the bill as it stands, Cammack said her party isn't worried about efforts to strike down the relief plan backfiring.
"The previous bills in 2020 under President Trump were all bipartisan. There was Republican and Democrat support. In this bill that Nancy Pelosi just pushed through last week — actually at 2:30 in the morning — that not only had every single Republican vote against it but members of her own caucus," she said.
The Cowboy State has become one of the world's top tax havens, according to the Pandora Papers, a trove of more than 11.9 million documents obtained by the International Consortium of Investigative Journalists and The Washington Post. The papers reveal, among other things, how ultra-wealthy people from around the world move money into the U.S., invest, and spend it under a shroud of secrecy. Allison Tait, University of Richmond law professor, joined Cheddar to talk about Wyoming's laidback tax laws, their impact on the nation's economy, and provided some details on the financial arrangement known as the "cowboy cocktail."
Carlo and Baker preview President Biden's address to the nation as Omicron becomes the new dominant Covid strain. Plus, Trump gets booed for getting his booster and the White House gets a new puppy.
China and Russia are saying they want to work closer together in different areas after a recent call between Presidents Xi Jinping and Vladimir Putin. What are the implications of a close partnership between Beijing and Moscow? Cheddar News breaks things down with expert Hagar Chemali.
Michele Schneider, Partner and Director of Trading Research & Education for MarketGauge.com, joins Cheddar News' Closing Bell, where she says the spread of the Omicron variant and Jerome Powell's comments following the latest Fed decision are spooking investors heading into the weekend.
Carlo and Baker wrap up another week discussing the latest explosion in new Covid cases in the Northeast, President Biden's stalled agenda and more. Plus, Love, Hate, Ate featuring the question: why did movie dialogue get so hard to understand?
Since July 2021, families with children have received monthly payments from the federal government as part of the expanded child tax credit, a policy that may be expiring this month. Megan Curran, policy director at the Center on Poverty and Social Policy at Columbia University, joined Cheddar News to discuss.
During the pandemic, student loan debt repayment was put on pause amid an unprecedented crisis. However, on February 1, 2022, the schedule is set to resume, and currently it looks as though the Biden administration has no plans to extend it. Cody Hounanian, the executive director of the Student Debt Crisis Center, spoke to Cheddar about why he believes the loan collection pause needs to at least be extended as borrowers are still struggling with the resurgent pandemic and inflation. "There's really no good economic or policy or political reason as far as why they're focused on getting payments started now," Hounanian said. "We surveyed 33,000 people with student loans last month. Nine out of 10 told us that they are not ready to resume payments."
As the 2022 midterm elections fast approach, here are some politicians Americans should be on the lookout for. Democratic Massachusetts state senator Sonia Chang-Diaz, who was the first Latina and Asian American woman to be elected to the state's senate, now has her eye on the governorship with Republican Charlie Baker leaving. New Jersey GOP candidate for Congress, Billy Prempeh also bears watching, and while Boston's newest mayor, Democrat Michelle Wu, was already sworn in last month, all eyes will be on Beantown as the first woman and first person of color to hold the office tries to usher in a new era for the city.
