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).
Supreme Court nominee Amy Coney Barrett has spent a long day batting back Democrats' tough questioning at her Senate confirmation hearings.
Al Harington, founder of Viola Cannabis and former NBA player, joined Cheddar to discuss what a Biden/Harris administration would mean for the cannabis industry.
The Federal Reserve juicing money into local budgets through the Municipal Liquidy Facility was unprecedented, but a growing number of advocates for a more progressive, proactive Fed, is that it didn't go far enough.
Supreme Court nominee Amy Coney Barrett has presented her conservative approach to the law at the start of a fast-tracked confirmation hearing.
President Donald Trump is looking to get his campaign back on track, a week after he was sidelined with the coronavirus that has killed more than 210,000 Americans.
U.S. Rep. Ken Buck (R-Colo.) joined Cheddar to discuss how Congress and the judiciary should approach big tech monopolies. Buck was clear that the Democrats and Republicans, however, disagree on just how to go about shrinking the tech giants.
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.
The White House is boosting its offer in up-and-down COVID-19 aid talks Friday in hopes of an agreement before Election Day.
Former GOP presidential candidate Carly Fiorina discussed her support of Joe Biden's bid for the presidency. Also, the former CEO of Hewlett-Packard, she attributed her support for Biden due to a lack of leadership from President Trump and his failed foreign policies.
Democratic lawmakers are speaking out against a proposed Labor Department rule that they argue would make it harder for retirement funds to consider important environmental factors when making investment decisions.
