As the Senate enters a new phase of President Donald Trump's impeachment, Senator Tim Kaine (D-Va.) tells Cheddar he sees three things on trial: the U.S. Senate's reputation, the president's behavior, and the American system of justice.
Fifty-three senators in the 116th Senate hold law degrees and will be able to draw upon that knowledge when they enter the chamber to debate the merits of the articles of impeachment.
Kaine and Senator Bob Menendez (D-N.J.), the highest-ranking Latino member in Congress, both told reporters Wednesday that they have been able to use their legal training and experience as practicing attorneys during the trial.
Some of the Republicans expected to break party rank to vote in favor of hearing witnesses hold law degrees too. Senators Mitt Romney (R-Utah) and Lamar Alexander (R-Tenn.) hold law degrees from Harvard University and New York University, respectively. Senator Lisa Murkowski (R-Alaska) worked as an attorney for nearly a decade before joining the Senate.
Before going home to Richmond last weekend, Kaine told Cheddar he viewed the impeachment as putting the president's conduct is on trial along with the capability of the Senate. But after going home and speaking to people at gas stations and grocery stores, he found that the public sees this as a trial of our justice system. "I had thought of it more as the Senate's reputation or what the president's behavior was, but people were talking to me this weekend about that," said Kaine.
"A lot of people in this country have real questions about whether our justice system delivers impartial justice. Does our justice system deliver impartial justice?" he asked. "Or is there a different system for the rich and powerful folks?"
Though Kaine said he hadn't yet brought that point up to his Republican colleagues, he told Cheddar he plans to during the deliberation period about calling witnesses. Senators will have four hours to debate the question of witnesses or documents before voting, which is expected on Friday.
"That's certainly something I'm going to share with them," the senator stated.
During today's press conference, Kaine emphasized that "not once in 17 years did I ever have a trial where there were no witnesses or documents," and he believed that the American people would be able to discern between what a trial is and isn't. However, he told reporters that if no witnesses are called, it will support the "cynicism and anxiety about our system of justice" many Americans might be feeling.
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.
