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).
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Andy Purdy, chief security officer for the company's U.S. division, refuted reports that Huawei would be manufacturing electric cars of its own.
Democrats are looking to Biden to aggressively pursue judicial appointments following Trump's rapid rate of picks. Advocates point to some early signs that the new president may be following their lead.
The government plays a key role in determining the colors of your food, and for that, we can thank the margarine wars of the late 19th century.
The Democratic-led House passed a bill that would enshrine LGBTQ protections in the nation’s labor and civil rights laws.
Rep. Jason Smith (R-Mo. 8th District), talked to Cheddar about his objections to the latest stimulus bill presented by Democrats.
The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though claims remain at a historically high level.
Federal Reserve Chairman Jerome Powell has told Congress that the central bank will not begin raising interest rates until it believes its goals on maximum employment and inflation have been reached.
An analysis by U.S. regulators says Johnson & Johnson's single-dose vaccine protects against COVID-19.
The U.S. Postal Service says it has chosen Oshkosh Defense to build its next-generation mail-delivery vehicle.
