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).
During a Wednesday press conference, New York Gov. Andrew Cuomo said social distancing will be key to making sure state hospitals can handle the apex of cases expected in late April.
Tal Cohen, executive vice president and head of Nasdaq's North American Markets, told Cheddar Wednesday that the markets are beginning to grasp how to function during the outbreak.
Sabine Altendorf of the Food and Agriculture Organization of the United Nations warned that while so far the impact of the rapidly evolving crisis on food supply has been limited, it could change drastically.
Coronavirus stimulus checks are going to be distributed in the next three weeks, the Internal Revenue Service said Monday, and offered a little bit more clarity on how people can actually get their payments.
Stocks are sinking again on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak.
President Donald Trump on Tuesday warned Americans to brace for a “rough two-week period” ahead as the White House released new projections that there could be 100,000 to 240,000 deaths in the U.S. from the coronavirus pandemic even if current social distancing guidelines are maintained.
As some see promising returns from California’s early shelter in place orders, Governor Gavin Newsom announced Tuesday a growing number of cases and hospitalizations in the state as a record number of Californians file for unemployment.
Senator Amy Klobuchar told Cheddar on Tuesday that Americans need cash from canceled flights to provide immediate relief, but airline executives have not responded to the call.
Parsing the data from around the world is showing a stark difference in how the COVID-19 pandemic is impacting mortality and socioeconomic suffering along gender lines.
Ohio Senator Sherrod Brown is pushing forward with his proposal to provide a $10,000 payoff to all federal student loan borrowers in the next round of stimulus funding.
