GOP negotiators are still hammering out the final details of the party’s tax plan, in a reported effort to have the proposal on President Trump’s desk by next week. A CBS News poll from last week found that 53 percent of people nationwide disapprove of the GOP tax bill, while only 35 percent approve.
Democrats argue that the bill raises the national deficit over $1 trillion, hurts the middle class, and makes the rich richer. Rep. Donald McEachin (D-VA) added another woe to the mounting list: the proposed tax reform would actually hinder Trump’s aggressive military buildup promises.
“The American people are the losers under this bill,” he said, enumerating all of the issues he sees with the proposed legislation. “In addition, in a state like mine (Virginia), where military spending is so important, they’re robbing the military as well from buildup.”
For full interview [click here](https://cheddar.com/videos/rep-donald-mceachin-d-va-says-the-gop-tax-plan-has-caused-the-party-to-lose-all-credibility).
The number of Americans seeking unemployment benefits fell last week to 340,000, a pandemic low, another sign that the job market is steadily rebounding from the economic collapse caused by the coronavirus pandemic.
A group of Democratic senators quietly put forth a bill that could reshape domestic manufacturing in the United States.
The nation’s most far-reaching curb on abortions has taken effect in Texas, with the Supreme Court silent so far on an emergency appeal to put the law on hold.
Cheddar asked its Gen Z and Millennial-aged Facebook and Instagram users about several topics including how they use social media, buying cryptocurrency, and the future job market.
Social Security and Medicare, the government’s two biggest benefit programs, remain under intense financial pressure with the retirement of millions of baby boomers and a devastating pandemic putting increased pressures on the two programs’ finances.
The speed limit for most of Paris is now 30 kilometers per hour (less than 19 miles per hour). The new rule takes effect Monday almost everywhere in the city except for a few wide avenues like the Champs-Elysees and the bypass circling the capital.
Cheddar's Chloe Aiello reports on Queens residents who mostly are voicing support for keeping the Open Streets program in New York City even after the pandemic.
Brazil, the country with the most freshwater resources in the world, has lost 15% of its surface water over the last three decades.
Addressing the nation, President Joe Biden is defending the way the U.S. ended its 20-year “forever war” in Afghanistan.
In his opening remarks for the Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell signaled that the central bank could begin tapering its $120 billion in monthly asset purchases this year.
