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).
Federal Reserve policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines.
Rep. Barbara Lee (D-Calif. 13th District) talked to Cheddar about her hopes that the American people will join in the push toward an equitable cannabis industry.
As members of the Electoral College meet to cast their votes for the 2020 presidential election, Cheddar explores how the body works and whether it's the best option.
The Supreme Court on Friday rejected a lawsuit backed by President Donald Trump to overturn Joe Biden’s election victory, ending a desperate attempt to get legal issues rejected by state and federal judges before the nation’s highest court and subvert the will of voters.
Sen. Tina Smith (D-Minn.) joined Cheddar to discuss the need for the federal government to provide more help to states in order to effectively distribute the COVID vaccines.
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.
Sen. Mike Lee of Utah objected to the creation of the two proposed Smithsonian museums.
Congress has passed a bill to fund the government for another week, giving lawmakers time to reach an agreement on a new coronavirus relief bill.
The final vote was 84-13, mirroring a similarly overwhelming margin in the House that, if maintained in both chambers, would be enough to override a potential veto.
Gun and ammunition sales have surged this year in the U.S. Michelle Castillo investigates.
