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).
The settlement forces the Sackler family to give up control of the Stamford, Connecticut-based business, according to the Associated Press, while the company will pay up to $12 billion over time.
Assembly Bill 5, which the state Senate approved on Tuesday, would require employers to treat independent contractors — like Lyft and Uber drivers — as regular employees.
JPMorgan has developed a new index to track the impact that President Trump's tweets have on the market. The so-called Volfefe Index will specifically examine how the president's tweets affect U.S. Treasury yields.
These are the headlines you Need 2 Know for Monday, September 9, 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.
Powell's optimistic remarks come amid a growing concern by economists, investors, and business leaders that a slowing of the U.S. economy is imminent.
Despite the economy's sustained growth, the jobs added in August were less than the nearly 160,000 expected by analysts. Monthly employment growth so far this year now averages 158,000, which remains well below 223,000 average monthly gains in 2018.
British lawmakers are set to vote again Monday on whether or not to hold a general election next month as the UK continues to wrestle with the looming Brexit deadline.
Ten of the top Democratic candidates for president presented their plans to tackle climate change during a marathon, seven-hour town hall broadcast live on CNN Wednesday.
These are the headlines you Need 2 Know for Thursday, September 5, 2019.
