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 push to inoculate Americans against the coronavirus is hitting a roadblock: A number of states are reporting they are running out of vaccine.
The Canadian company behind the Keystone XL oil pipeline says it has suspended work on the pipeline in in anticipation of incoming U.S. President Joe Biden revoking its permit.
Joe Biden swears the oath of office to become the 46th president of the United States, taking the helm of a deeply divided nation and inheriting a confluence of crises arguably greater than any faced by his predecessors.
President Donald Trump pardoned former chief strategist Steve Bannon in the final hours of his White House term as part of a flurry of clemency action that benefited more than 140 people, including rap performers, ex-members of Congress and other allies of him and his family.
U.S. Surgeon General Jerome Adams spoke to Cheddar about the need to speed up the vaccination process as more mutated variants of the novel coronavirus present themselves.
Stocks closed higher on Wall Street, recovering some of last week’s losses and pulling closer to their record highs.
A once large caravan of Honduran migrants that pushed its way into Guatemala last week has dissipated in the face of Guatemalan security forces.
The U.S. death toll from the coronavirus has eclipsed 400,000 in the waning hours in office for President Donald Trump, whose handling of the crisis has been judged by public health experts to be a singular failure.
With Democrats taking the White House and Senate while keeping control of the Senate, future stimulus programs may take some burden off of the Federal Reserve.
Cowen managing director and senior analyst Vivien Azer discusses the future of cannabis stocks in the U.S. in light of the recent election changes.
