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 U.S. House of Representatives made history on Friday, after voting to pass a sweeping cannabis decriminalization and social equity bill.
Sen. Kelly Loeffler debated her Democratic opponent, Rev. Raphael Warnock, Sunday night, while challenger Jon Ossoff debated an empty podium when incumbent Sen. David Perdue refused to debate ahead of the January Senate runoffs in Georgia.
Joe LaVorgna, the chief economist for the White House National Economic Council, talked to Cheddar about the economy and the recently released jobs report'.
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.
Biden stopped just short Thursday of the nationwide mandate he’s pushed before to stop the spread of the coronavirus.
Three former presidents say they’d be willing to publicly take a coronavirus vaccine, once one becomes available, to encourage all Americans to get inoculated against a disease that has already killed more than 273,000 people nationwide.
The U.S. has recorded over 3,100 COVID-19 deaths in a single day, obliterating the record set last spring.
The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve’s Board of Governors, placing another of President Donald Trump’s picks on the Fed’s influential board after a string of high-profile rejections.
IBM security researchers say they have detected a cyberespionage effort that used targeted phishing emails to try to collect vital information associated with a U.N. initiative for distributing coronavirus vaccine to developing countries.
President-elect Joe Biden has swung behind a bipartisan COVID-19 relief effort. That comes as his top Capitol Hill allies cut their demands for a $2 trillion-plus measure by more than half.
