Sen. Chris Van Hollen (D-MD): House and Senate tax reform bills are “rotten”
The bipartisan battles on Capitol Hill are heating up as the end of the year approaches, and Congress must agree on a budget bill to avoid a government shutdown. Senator Chris Van Hollen (D-MD) told Cheddar on Tuesday that a shutdown would be “a big mistake.”
“While there are, of course, many differences on this,” he said, “we need to find a way to bridge them in order to keep the government going.”
The congressman noted that there are plenty of pressing issues that need to be addressed by the end of the year, including the Republican Tax Plan, and the DREAM Act. Van Hollen says that DACA should be at the top of the list, and criticizes the Republicans for pushing the tax bill through so quickly.
The bill was first introduced to the House in early November, and passed the Senate within a month, with a tally of 51-49 votes. The next step is for a committee to reconcile the differences between both bills before it reaches President Donald Trump’s desk. Many critics argue that the bill favors the rich, and will be a burden for the middle class in the long run. Meanwhile, some Republicans contend that the tax will encourage corporations to bring business home, and offer greater tax relief.
Van Hollen agrees with Democratic Leader Nancy Pelosi that the bills should be scrapped. He argues that both tax bills introduced to Congress, which would increased the national deficit by $1.3 trillion, are “rotten.” Beyond increasing debt, Van Hollen says that by 2019, the bill will make foreign stockholders $31 billion richer, at the cost of the middle class. The congressman says the reason is that over one-third of stocks held in U.S. corporations are owned by foreign stockholders.
“In that same, year those Americans that are going to be paying more in taxes are going to contribute about $29 billion,” he said. “Take it from the pocket of a middle class American family, transfer it to foreign stockholders.”
California Governor Gavin Newsom is projected to keep his job. Around two-thirds of the votes have been reported, and roughly 64% of those votes are in favor of keeping Newsom as their governor.
Daniel Strauss, senior political correspondent at The New Republic, joined Cheddar's Opening Bell to discuss more about what Newsom's win means to both political parties moving into Midterm elections season.
The Department of Justice is suing Texas over the state's new abortion law that prohibits abortions after six weeks, well before many women even know they're pregnant. The lawsuit argues the law is unconstitutional under long-standing Supreme Court precedent. It was filed last week in federal court in Texas, but could go all the way to the high court within weeks. Josh Blackman, a constitutional law professor at South Texas College of Law Houston, discusses the DOJ lawsuit and what it could mean for other abortion laws across the country.
26 states have now fully vaccinated more than half of their population with Vermont, Connecticut, and Massachusetts fully vaccinating at least two-thirds of their residents. These three states are among the ones with the lowest new Covid-19 cases per capita, but in states with low vaccination rates, hospitals are filling up again.
Dr. Rob Davidson, ER doctor and executive director of Committee to Protect Health Care, joined Cheddar's Opening Bell to discuss more.
The Biden Administration has officially extended a ban on a Trump-era policy that prohibits traveling with a U.S. passport to North Korea. The extension is expected to last until August 2022. The ban was initially enforced after the death of Otto Warmbier, who entered a vegetative state while in North Korean custody. Advocates against the ban argue that it has caused crippling impacts on Korean Americans who have not been able to reunite with their families back home. Senior Fellow at The Foundation For Defense of Democracies Anthony Ruggiero joined Cheddar's News Wrap to discuss more.
