Republicans are closing in on their first legislative victory of the year, after two GOP Senators previously opposed to the tax plan got on board this weekend. But Democrats still have concerns.
U.S. Congressman Ro Khanna (D-CA), who joined Cheddar before the most recent concessions were made, said the policies may benefit companies in his home district in the heart of Silicon Valley, but do little for Middle America.
“We should create technology opportunity zones across America,” he said. “I think that the federal government in partnership with the private industry could do so much to bring the new industry to many of these communities.”
Heading into the weekend, the future of tax reform seemed uncertain. Senator Marco Rubio (R-FL) was calling for a tax cut for working families. On Friday, though, he tweeted his support after the child tax credit was increased.
Senator Bob Corker also changed his position after the tax on real estate earnings was reduced, a move that could benefit his own wallet. The Tennessee Republican reportedly made $7 million off his property investments last year.
For full interview [click here](https://cheddar.com/videos/rep-ro-khanna-d-ca-congress-needs-to-step-up-to-spread-tech-development-across-the-u-s).
President Joe Biden is proposing a plan to raise the Medicare tax on high-income Americans and push for additional drug price negotiations to fund the program through 2050.
Boy Meets World star Ben Savage has officially announced his plans to run for Congress in the seat currently occupied by Rep. Adam Schiff, D-Burbank, who is now running for the seat of outgoing U.S. Sen. Dianne Feinstein.
If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.
Gov. Josh Shapiro says Norfolk Southern has pledged several million dollars to cover the cost of the response and recovery in Pennsylvania after last month’s derailment.
Federal agriculture officials are proposing a new rule that would clarify the meaning of meat labels that say foods are “Made in the USA.”
Researchers have uncovered a network of tens of thousands of fake Twitter accounts created to support former President Donald Trump and attack his critics and potential rivals.
Gunmen kidnapped four U.S. citizens who crossed into Mexico from Texas last week to buy medicine but were caught in a shootout that killed at least one Mexican citizen, U.S. and Mexican officials said Monday.
Senate Intelligence Committee Chair Mark Warner, D-Va., has introduced a bill setting down a plan for banning foreign technology such as video-sharing app TikTok.
Railroad unions report that workers for Norfolk Southern who were present at the derailment and chemical spill site in East Palestine, Ohio, have been falling ill.
The House Ethics Committee announced is launching an investigation into embattled Republican Rep. George Santos.
