Rep. Khanna: The Republican Tax Bill Doesn't Help Middle America
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).
David Nelson, Chief Strategist at Belpointe, joins Cheddar News' Closing Bell, where he says that Wednesday's market movement shows a rotation back into the industries that were hit hard in January, but says his eyes are firmly fixed on the January CPI data set to be released Thursday.
Russia is preparing alongside Belarus for reportedly one of the largest joint military exercises ever held. Some analysts are concerned this could be a disguise for a real attack, while the Kremlin contends that the exercise is meant to confront potential "unprecedented security threats." Christian Whiton, a former State Department senior advisor, joined Cheddar News to break down the still tense situation. "While it could of course be a prelude to invasion, it seems like the Biden administration is signaling that if you look at Europeans, the Germans and Macron … who just met with Putin, they seem to be thinking that maybe this is a show of force by Russia intended at political intimidation, not actual invasion," said Whiton.
Truckers in Canada have blockaded the Ambassador Bridge, the busiest border crossing between Canada and the U.S. protesting a COVID-19 vaccine mandate. Cheddar News spoke with Samir Kapadia, head of trade practice at the Vogal Group, about how this impacts trade between the two countries.
New York City is not only dealing with the ongoing pandemic, it’s also facing a surge in crime. President Biden recently traveled to New York to meet with the city’s new mayor, Eric Adams, to discuss the rise in crime and gun violence.
The president praised Mayor Adams' crimefighting agenda and unveiled a new federal initiative to curb the flow of illegal weapons from the south. Josefa Velásquez, Senior Reporter for THE CITY, joined Cheddar's Fast Forward to talk about how the mayor is battling this increase in crime in his first weeks in office.
The Democratic governors of New Jersey, Connecticut, Delaware, and Oregon say they will lift mask requirements for schools in the coming weeks, reflecting a nationwide shift away from restrictions. Cheddar News speaks with internist Dr. Vivek Cherian whether it's safe to relax the regulation.
Amazon warehouse workers in Alabama are set to begin voting to unionize for a second time after workers at the facility in the town of Bessemer overwhelmingly voted against forming a union during an election early last year; but in November, the National Labor Relations Board overturned the vote, upholding a union challenge of the results which argued that Amazon undermined the conditions for a fair election. Another round of ballots will now be mailed out to works at the warehouse for a so-called re-run election. Director of Labor and Employment Studies at San Francisco State University John Logan and National Field Director for Our Revolution Mike Oles joined Cheddar News' Closing Bell to discuss.
David Daley, author of the book 'Unrigged: How Americans Are Battling Back to Save Democracy,' joins Cheddar News to discuss redistricting battles taking place across the U.S.
