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).
Lenders are raising serious concerns about the Payroll Protection Program, which was scheduled to launch Friday, citing a lack of information from the government on how and if the emergency loan program will even work and leading some to opt out of it.
President Donald Trump has announced new federal guidelines recommending that Americans wear face coverings when in public. The president immediately said he had no intention of following the advice himself.
Rep. Greg Walden (R-Ore. 2nd District) supports the "basic public health protocol" is leading to drastic mitigation of the pandemic in his state of Oregon.
Stocks are falling again on Wall Street, putting the market on track for its third down week in the last four. The S&P 500, Dow and Nasdaq were each down more than 2.5%.
Kerry Kennedy, daughter of Robert F. Kennedy, and ex-wife of New York Governor Andrew Cuomo, said that RFK Human Rights has freed over 200 people in 10 cities over the last two and a half weeks. These people were put in jail and awaiting trial, some for as little as a $25 fine for an overdue parking ticket.
The governor said he has spoken with hospital administrators and understands the reluctance to give up essential equipment, but that he wants to avoid a situation where COVID-19 patients are dying in one part of the state while ventilators sit unused in another part of the state.
Stocks are falling in morning trading on Wall Street, putting the S&P 500 on track for its third down week in the last four. But the losses are much milder than what's rocked investors the last couple months.
The Trump administration is formalizing new guidance to recommend that many Americans wear face coverings in an effort to slow the spread of the new coronavirus, as the president is aggressively defending his response to the public health crisis.
The coronavirus outbreak has triggered a stunning collapse in the U.S. workforce, with 10 million people losing their jobs in the past two weeks. Meanwhile, the number of confirmed infections worldwide has hit 1 million, with more than 50,000 deaths, according to the tally kept by Johns Hopkins University.
Stock indexes turned wobbly on Wall Street Thursday, giving up most of an early gain driven by a surge in oil prices.
