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).
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Semiconductors are essential in industries such as defense, automobiles, and telecom. Cheddar assembled a timeline of the chip shortage stretching back to the pre-Covid economy.
Jared Berstein, a member of the White House Council of Economic Advisers, joined Cheddar about what's at stake for the economy despite a positive February jobs report.
The Senate has voted to begin debating a $1.9 trillion COVID-19 relief bill.
The impact of Texas' governor repealing many of the state’s COVID-19 restrictions is beginning to take shape.
The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.
A somber New York Gov. Andrew Cuomo is apologizing following sexual harassment allegations against him.
Rep. Kat Cammack (R-Fla. 3rd District), spoke to Cheddar regarding her concerns about spending priorities and the price tag of the latest COVID relief bill being put forth by Democrats.
Former Department of Homeland Security acting secretary under Trump, Chad Wolf, talked to Cheddar about domestic terrorism, border control, and cybersecurity.
Mario Schlosser, CEO and co-founder of Oscar Health, spoke to Cheddar about the future of healthcare and insurance in the United States after the company went public.
