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).
Democratic presidential candidate Joe Biden will not travel to Milwaukee to accept his party's White House nomination because of concerns over the coronavirus.
U.S. stock indexes drifted higher Tuesday as Wall Street's big rally eased off the accelerator.
President Donald Trump has signed into law legislation that will devote nearly $3 billion annually to conservation projects, outdoor recreation and maintenance of national parks and other public lands.
A Manhattan prosecutor trying to get President Donald Trump’s tax returns told a judge that he was justified in demanding them, citing public reports of “extensive and protracted criminal conduct at the Trump Organization.”
Since March, there have been 423 workplace litigation cases related to COVID-19, according to a tracker developed by the law firm Fisher Phillips.
Parents in Georgia, Louisiana, Mississippi and Tennessee are among those who will be the first to navigate the new academic year as schools open up in parts of those states this week.
While the U.S. economy shrank at an annualized rate of 32.9 percent during the second quarter, the downturn didn't seem to affect Facebook at all.
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.
Dr. Anthony Fauci has told lawmakers that once a coronavirus vaccine is approved as safe and effective, Americans should have widespread access within a reasonable time.
President Trump has rolled back and an Obama-era fair housing policy, allowing developers to bypass building affordable housing in suburban neighborhoods. David Sanchez, director of research & development at National Community Stabilization Trust, assesses the move as a rallying call to Trump's base ahead of the November election.
