Tuesday’s 97-2 vote in the Senate to extend permanent protections for 9/11 first responders came after many years of visits to Capitol Hill — more than 280 for John Feal alone, a former demolition specialist and responder from Long Island whose advocacy has helped bring a national conversation to the issue.
And minutes after the lopsided vote, Feal made sure to alert lawmakers that his days of tirelessly knocking down their doors are thankfully coming to a close.
“We’ll put down our swords,” he said on Capitol Hill, acknowledging the good-faith efforts that Senate Majority Leader Mitch McConnell exhibited in recent months to get the bill a clean vote.
After all, during a recent trip to Washington, Feal came bearing a special memento for McConnell: the NYPD badge of Detective Luis Alvarez who died on June 29, a gesture that Jon Stewart recently told Cheddar he had hoped would secure passage of the measure.
McConnell’s commitment to Feal was widely noticed.
Jake Lemonda, the president of the Uniformed Fire Officers Association, told Cheddar, “When someone gives you their word, that’s their bond. I have so much respect. He stuck to his word. And I thank him.”
Republican Rep. Pete King added, “You have to give [McConnell] credit.” King was joined by his GOP colleague in the Senate Cory Gardner to gather support for the compensation fund from skeptical conservatives, although two Republicans — Senator Rand Paul of Kentucky and Senator Mike Lee of Utah — were on full blast Tuesday with their no votes.
“Trying to block this was inexcusable,” Rep. King told Cheddar about Paul and Lee.
There is a line that some New York Democrats like Rep. Carolyn Maloney and House Judiciary Chairman Jerry Nadler say about the immediate post-9/11 reality: that New Yorkers were told, as Maloney puts it, a “toxic lie” — that the air at Ground Zero was safe to breathe. (Former EPA Administrator Christine Todd Whitman apologized in 2016 for her role in government-led misinformation in the fall of 2001.)
“Government told them to go back,” Maloney told Cheddar Tuesday on Capitol Hill. History] will show it was a "horrible, horrible judgment and horrible decision.”
But Tuesday was not the day for the sharpest of barbs, nor the most accusatory of finger-pointing. It was, instead, a day of muted celebration: a victory of a hard-fought battle that has come — and continues to come — with devastating consequences (members of Congress have indicated that 18 people have died in the past month alone from 9/11-related illnesses). And while the bill got its final push over the goal line from McConnell, a simple credo has united the advocacy efforts for so many others along the way. As Maloney told Cheddar Tuesday, “We promised we would never forget.”
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.
