Andrew Desiderio, Congressional Reporter for The Daily Beast, talks the GOP's passing of tax reform and the President's scoring his first major legislative win of his administration. We dig into what this means for the future of the GOP as we head into the 2018 and 2020 elections.
Desiderio notes that the GOP is being criticized for writing and passing the bill too quickly, just to secure a win before 2018. The bill will inevitably provide big gains for corporations, which are permanent, but the tax cuts on individuals run out after a certain number of years.
Desiderio also talks his latest piece on the promises that Sen. Mitch McConnell made in exchange for votes on the reform bill. Sens. Susan Collins and Jeff Flake both were promised certain concessions, but what happens to McConnell if he fails to keep them.
There has been a series of violent attacks in Afghanistan in the past week as U.S. troops withdrawal deadline approaches. The evacuation effort is winding down with 1,200 people evacuated in the last 24 hours, compared to last week's 24-hour span high of 21,000, and it is reported that there are around 250 people still waiting to be airlifted.
Dan Lamothe, national security reporter at The Washington Post, joined Cheddar's Opening Bell to discuss more on what is going to happen when all evacuation and withdrawal missions are completed.
Futures pointed to a slightly higher open on the heels of Fed Chair Jerome Powell saying the central bank is on track to taper its asset purchases later this year. Milton Ezrati, Chief Economist at Vested joined Wake Up with Cheddar to discuss.
