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).
President-elect Joe Biden's choice of Janet Yellen for treasury secretary isn't rattling many cages on Wall Street where analysts expect her to hew closely to outgoing Secretary Mnuchin's policies.
President Donald Trump has pardoned former national security adviser Michael Flynn, taking direct aim in the final days of his administration at a Russia investigation that he has long insisted was motivated by political bias.
Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income, and nervous consumers, whose spending is needed to drive a recovery from the pandemic.
U.S. consumers increased their spending by a sluggish 0.5% in October, the weakest gain since April when the pandemic first erupted and a sign that Americans remain wary with the virus resurging across the country and threatening the economy.
Bob Pinnegar, president of the National Apartment Association, discusses the impending housing crisis should a stimulus bill fail to materialize quickly.
Here are the headlines you Need2Know for Tuesday, November 25, 2020:
Scottish lawmakers have unanimously passed legislation that will make period products freely available to anyone who needs them.
The General Services Administration has ascertained that President-elect Joe Biden is the “apparent winner” of the Nov. 3 election.
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies.
Jennifer Horn, a co-founder of the Lincoln Project and former New Hampshire GOP chair, had sharp words for Republicans for sticking with President Trump.
