Members of the American public and lawmakers alike are demanding action after the unprecedented attack on the U.S. Capitol Wednesday that forced members of Congress into lockdown and delayed the counting of Electoral College votes. Congressman Seth Moulton (D-Mass. - 6th District) is among several lawmakers, including House Speaker Nancy Pelosi (D-Calif.- 12th District), calling for the removal of President Donald Trump from office for inciting the chaos that unfolded on Capitol Hill.
"What President Trump did was not only illegal, it was anti-democratic. It was un-American, and we need to show future generations of Americans and future presidents that they can't get away with this," Moulton told Cheddar.
For Moulton, the president is just one of several people culpable for fanning the flames of aggression that led to yesterday's attack on Congress. Though the congressman considers many of his GOP counterparts friends, he said, "they have blood on their hands" and should also be held accountable.
"At the end of the day, the domestic terrorists — and that's what they were, domestic terrorists, not protesters but domestic terrorists — who attacked our government outside the Capitol, breaking in and breaching the U.S. Capitol for the first time since the British in the War of 1812, those domestic terrorists outside the Capitol were supported and inspired by the lawless Republican lawmakers inside the Capitol who refused to respect the will of the American people," he said.
The Marine veteran who served as an infantry officer said two law enforcement breakdowns led to Wednesday's display: a lack of backup support for officers and a lack of competence displayed by members of the Capitol Police. "There are over 2,000 Capitol Police and yet, yesterday we saw them literally open barricades in some places for these protesters, taking selfies with these protesters, and fundamentally allowing them to overrun the Capitol," Moulton said.
While DC's National Guard will be mobilized for the next 30 days, Moulton said the president's refusal to activate the troops while the chaos was unfolding exposes a larger issue in the matter of the District of Columbia's lack of statehood.
"The president had no problem calling out the National Guard to put down peaceful protests this summer over Black Lives Matter but he did not want the National Guard called out against his own supporters," he said.
Though there are just under two weeks left of Trump's presidency, Moulton said impeaching the president has to be on the table to show that no one, not even the president, is above the law.
"Yesterday, he clearly broke the law, and he fundamentally violated his oath of office, which is to protect us Americans from all enemies, foreign and domestic," he added.
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
