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).
Senate Republicans have blocked the creation of a bipartisan panel to study the Jan. 6 attack on the Capitol.
Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1%.
The world's two largest economies, China and the United States, look to build their own digital currencies even as they look to reign in the private crypto sector.
Excessive sanitizing over COVID-19 fears may actually be harming more than helping. Cheddar explains.
The District of Columbia has sued Amazon, accusing the online retail giant of illegal anticompetitive practices in its treatment of sellers on its platform.
The White House says the United States on Tuesday will reach 50% of American adults fully vaccinated for COVID-19.
The White House says President Joe Biden is awaiting an infrastructure counteroffer from Senate Republicans. But talks are at standstill before a Memorial Day deadline.
The White House has put forward a $1.7 trillion infrastructure counteroffer to Senate Republicans.
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 pushing a new reason to swipe right: Dating apps are starting to offer vaccination badges and “super swipes” for people who've gotten their coronavirus shots.
