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).
John Lewis was celebrated as an American hero during his funeral as former President Barack Obama and others called on people to follow Lewis’ example and take action in the face of injustice.
Statues commemorating the Confederacy are being torn down across America as a result of racial unrest following the murder of George Floyd in Minneapolis. But the largest monument in the country has been left out of the conversation: Stone Mountain monument in Georgia. The 42-foot-deep, 76-by-158 foot carving of Confederate President Jefferson Davis, and Generals Robert E. Lee and Stonewall Jackson sits on the face of the world’s largest piece of exposed granite. Removing it could require bitter political debate and a year-long demolition. But for most, the racist history it represents is too hard to ignore.
Unemployment claims rise for the second week as states reverse course on reopenings amid spikes in coronavirus cases. Tyler Goodspeed, acting chairmain of White House council of economic advisers, talks current standing of the economy.
Former GOP presidential candidate Herman Cain has died after battling the coronavirus. He was 74.
President Donald Trump is for the first time floating a “delay” to the Nov. 3 presidential election, as he makes unsubstantiated allegations that increased mail-in voting will result in fraud.
Four Big Tech CEOs are fending off accusations of stifling competition in front of a congressional panel that is investigating market dominance in the industry.
Cheddar takes a look at some key differences between proposals by Republicans and Democrats on the next phase of economic stimulus amid the pandemic crisis.
The Federal Reserve expressed concern Wednesday that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero.
Cheddar delves into the differences on approaches toward economic recovery and business between the House Democrats and the Senate Republicans.
Attorney General William Barr is defending the aggressive federal law enforcement response to civil unrest in America, saying “violent rioters and anarchists have hijacked legitimate protests” sparked by George Floyd’s death at the hands of Minneapolis police.
