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).
In the plan called "A Welcoming and Safe America for All," Sanders said he will use executive action if Congress does not enact the "commonsense immigration reforms supported by the vast majority of Americans."
The Family Friendly Schools Act introduced by Sen. Harris (D-Calif.) would create a pilot program to provide schools the resources needed to stay open until 6 p.m. and provide additional care on many days that schools are otherwise closed.
The ordinance, which passed with roughly 70 percent of votes, puts limitations on the number of short-term rental units in residential buildings and mandates safety inspections and an array of other compliance measures.
While estimates vary, the IPO is expected to value Saudi Aramco at roughly $1.5 trillion, making it the most profitable company in the world. Shares are expected to begin trading on the Tadawul, the stock exchange in Riyadh, in the coming months.
These are the headlines you Need 2 Know for Monday, November 4, 2019.
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.
In its monthly jobs report released Friday, the Bureau of Labor Statistics (BLS) also reported that unemployment last month remained largely unchanged at 3.6 percent or 5.9 million people.
The leaders of both nations were set to ink the so-called "phase one" trade agreement at the Asia-Pacific Economic Cooperation (APEC) summit in Chile next month. However, the summit was canceled due to civil unrest in Santiago, Chile's capital.
These are the headlines you Need 2 Know for Thursday, October 31, 2019.
These are the headlines you Need 2 Know for Wednesday, October 30, 2019.
