We have another Infrastructure Week on the schedule and if you had "the filibuster isn't racist" on your 2021 BINGO card, you win a prize. Here's more about what is and isn't expected in the Washington Week Ahead.
(ANOTHER) INFRASTRUCTURE WEEK: The proverbial joke in Washington is actually, really happening in Pittsburgh on Wednesday when President Joe Biden takes to the stage to pitch his infrastructure plan. The White House has downplayed leaks so far, but we can expect that he'll try to sell the American people on $3-4 trillion in federal spending on "hard infrastructure" like planes, trains, and automobiles and "soft infrastructure" like free community college and universal Pre-K. The bill will not garner much Republican support and Democrats are planning to move forward with another budget reconciliation proposal.
CRICKETS ON CAPITOL HILL: The week of Spring Recess and all through the House, not a creature was stirring, not even a mouse. The Senate gaveled out of its chamber with care in hopes that legislative business would all disappear.
Yes, I did write a poem about next week in Washington. But it pretty much sums up where things are: Congress is in recess for two weeks and that means exactly nothing will be happening on the legislative front. Don't expect much from the president either. He's clearly in no rush to do anything on gun control or immigration, saying "timing is everything." In other words, not now.
BESSEMER UNION BATTLE: The vote on whether to unionize the Amazon warehouse in Bessemer, Alabama wraps up on Monday, just days before Biden heads north to the union town of Pittsburgh to pitch the country on tons of good, union jobs as part of his infrastructure plan. But the union fight is already here and it's happening in a state that is historically anti-union. Whether or not Amazon's warehouse does unionize or not, the conversation about union jobs and unions, in general, is going to be an ongoing one, especially as the Democratic Senate will likely force a vote on the pro-union PRO Act despite having no Republican support — if they can get the votes in their own party.
As the U.S. comes up on the first anniversary of the January 6 insurrection.,A.C. Thompson, investigative reporter at ProPublica, joined Cheddar's Baker Machado to discuss updates to American Insurrection by FRONTLINE, ProPublica and Berkeley Journalism’s Investigative Reporting Program. The documentary investigates the attack on the Capitol touched off by the lie that the presidential election was stolen from Donald Trump but with new information gleaned since the event including interviews with lawmakers and law enforcement and the evolution of groups like the Boogaloo Boys and the Proud Boys behind the attack. "In some ways those groups that were kind of the vanguard of January 6 are maybe no longer relevant because their message is everywhere," he said.
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.
