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 aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections.
Anger over Texas' power grid failing in the face of a record winter freeze is mounting. Nearly 3 million customers in the energy capital of the U.S. woke up Wednesday still without power.
Cheddar Climate is highlighting the automotive industry and the steps its leaders are taking to reduce carbon emissions.
A winter storm that left millions without power in record-breaking cold weather has claimed more lives.
The Senate has acquitted Donald Trump in his impeachment trial. The rare Saturday session comes barely one month since the deadly Jan. 6 siege at the U.S. Capitol.
While Congress negotiates another stimulus package with a price tag of up to $1.9 trillion, some economists are raising concerns that inflationary pressures will return to the economy.
Heather Boushey, a member of the Biden administration's Council of Economic Advisers, spoke with Cheddar about the need to mitigate COVID-19 in order to return Americans to full employment.
Rep. Carolyn Maloney (D-N.Y. 12th District) has introduced a legislative package containing five bills aimed at improving gun safety in the U.S.
Canopy Growth CEO David Klein talked to Cheddar about the confidence he has that the Canadian cannabis company will soon be entering the U.S. market.
The new organization, U.S. Cannabis Council (USCC), will lobby and organize on the state and federal levels to push lawmakers toward ending cannabis prohibition through industry-friendly reforms that promote equity and inclusion.
