After months of fiery tweets, partisan language, and closed-door and public testimonies from dozens of witnesses, Donald Trump has become the third president to ever be impeached by the House of Representatives.
"Last night was historic," Rep. Maxine Waters (D-Calif. 43rd District) told Cheddar a day after the House voted in favor of two articles of impeachment, straight down party lines.
Historic, it was.
In an America starkly divided in national politics and a presidential election less than a year away, Trump will now hit the campaign trail to seek re-election as an impeached president. Never before has this been done.
Now the Republican-controlled Senate awaits the articles of impeachment so it can play its role — holding the impeachment trial.
Democrats, like Waters, are concerned that a GOP-majority Senate, run by Leader Mitch McConnell is allying itself with the president.
"They are going to do whatever they need to do to support the president," said Waters, who chairs the House Financial Services Committee.
While Democrats have argued the president engaged in quid pro quo by halting military aid to Ukraine in an effort to get President Volodymyr Zelensky to announce an investigation into 2020 hopeful former Vice President Joe Biden, Republicans have largely argued against the process.
"The Republicans had no substantive defense. They did not talk about why this president shouldn't be impeached," Waters said.
She also added, "Some of the arguments [Republicans] made were ridiculous. To get on the Floor of Congress and liken him to Jesus Christ? And have a moment of silence?"
Waters was referring to Rep. Barry Loudermilk's (R-Ga. 11th District) floor speech, where he compared the impeachment vote to that of the trial of Jesus: "When Jesus was falsely accused of treason, Pontius Pilate gave Jesus the opportunity to face his accusers,"
"During that sham trial, Pontius Pilate afforded more rights to Jesus than Democrats have afforded this president in this process," Loudermilk stated.
Throughout this process, Republican have also noted that some Democrats have been calling for impeachment since his election.
Ranking Member of the Judiciary Committee Rep. Doug Collins (R-Ga. 9th District), one of the most vocal opponents in the conference against impeachment, stated in his opening remarks Wednesday, "One of our members, Ms. Tlaib, said on the night she was sworn in, 'We're going to impeach…' Well, you know the rest. In May of 2019, Al Green said, 'I'm concerned if we don't impeach the president, he'll get reelected.' That is probably the most prescient thing said by the majority in the last year, is they said, 'We can't beat him if we don't impeach him.'"
Collins, using Rep. Rashida Tlaib (D-Mich. 13th District) and Rep. Al Green (D-Texas 9th District) as examples, argued that because the Democrats lost the election in 2016, they never gave Trump a real shot at the presidency. Now he, and the Republican Party, say the Democrats are using impeachment to get him out of office before the upcoming election.
As early as May of 2017, Waters called for the impeachment of Trump. Two years later, she stands by that decision.
"When people say I started early, I started early to learn more about this president. I started early to understand why he acted the way he does, I started early to determine that there was nothing presidential about him," she said Thursday.
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.
