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).

Share:
More In Politics
Why Keeping Paid Leave In President Biden's Budget Bill Is Crucial For Parents
Emily Tisch Sussman, senior advisor at Paid Leave US, joined Cheddar's "Between Bells" to discuss paid leave being stripped from the latest budget bill and why it is crucial for parents to have paid time off. Sussman said the pandemic, in particular, highlighted the disparity between women, who left the work force in droves to care for family, and men who continue to work and be rehired as impacted sectors of the economy return.
Major Indexes Close at Record Highs as Stocks End Day Higher
The Dow, S&P, and Nasdaq each ended Friday's session at a record high as stocks rallied into the green. Chris Vecchio, Senior Analyst at DailyFX, joins Cheddar News' Closing Bell, where he says this was an 'October to remember' for Wall Street.
Big Oil Testifies Before Congress On Climate Change
Kathy Mulvey, the Accountability Campaign Director for the Union of Concerned Scientists, joined Cheddar News to break down Thursday's congressional hearing on climate change with big oil executives and lobbyists.
Biden Announces $1.75 Trillion Spending Framework, Includes $555 Billion in Climate Initiatives
As President Joe Biden heads to Europe for the G20 and the United Nations COP26 climate meeting, he has announced a new $1.75 trillion spending framework. Senate Democrats are reportedly close to agreeing on passing the legislation, but it hangs in the balance as President Biden and other world leaders will meet at COP26 and Biden looks to proclaim the U.S. a leader on climate issues. Vox Senior Reporter Rebecca Leber joins Cheddar News' Closing Bell to discuss the $555 billion worth of clean energy initiatives Biden included in the framework, and how Democrats' continuing negotiations undermine U.S. climate leadership.
Helping Afghan Refugees Left Behind
Christopher Romaka, advocacy lead at Good Counsel Services, explains how the non-profit is still working to get Afghan refugees out of the country, which fell to the Taliban back in August.
Load More