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).
Congressional leaders are praising the late Rep. John Lewis as a moral force for the nation in a Capitol Rotunda ceremony rich with symbolism and punctuated by the booming, recorded voice of the late civil rights icon.
As the coronavirus pandemic hits Americans' wallets, it is also exposing the long standing wealth gap between minority communities and white Americans, according to Damon Jones, professor at the University of Chicago.
President Donald Trump's National Security Adviser Robert O'Brien has tested positive for the coronavirus — making him the highest-ranking official to test positive so far.
Maryland Governor Larry Hogan says a GOP shake-up is on the horizon following the Trump presidency as calls for change echo across the U.S.
President Donald Trump has been unable to land the big deal he sought with Congress to curb drug costs. But now he's moving on his own to allow imports of cheaper prescription medicines, along with other limited steps that could still have election-year appeal.
Stocks closed broadly lower for the second day in a row Friday as Wall Street gave back some of its gains from a mostly solid July rally.
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.
As President Trump's actions are dissected since protests erupted following the killing of George Floyd at the hands of police, much has been made of how past presidents responded to civil unrest over the last century.
President Donald Trump is announcing that he has canceled segments of the Republican National Convention scheduled for Florida next month.
If the Democratic nominee Candace Valenzuela manages to pull off a win in Texas' 24th District, she will make history as the country's first Afro-Latina congresswoman.
