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).
The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.
Senator Elizabeth Warren (D-Mass.) joined Cheddar to discuss the growing calls from some Democrats to have President Biden eliminate up to $50,000 in student loan debt per borrower.
President Joe Biden says he will withdraw the remaining U.S. troops from Afghanistan and end America's longest war.
Rep. Eric Swalwell (D-Calif. 15th District)
Officer Kim Potter and Police Chief Tim Gannon both resigned two days after the death of 20-year-old Daunte Wright in Brooklyn Center.
Japan’s government has decided to start releasing treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean in two years.
President Joe Biden and congressional leaders will pay their respects to Evans, who was struck by a car and killed while he manned a barricade near the Senate side of the building.
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year.
Will Smith and director Antoine Fuqua have pulled production of their runaway slave drama “Emancipation” from Georgia over the state’s recently enacted law restricting voting access.
The chairman of the Federal Reserve says the U.S. economy is poised for an extended period of strong growth and hiring even though the coronavirus still poses some risk.
