Early Wednesday morning the Senate passed its tax reform bill, hours after it was sent back to the House for a re-vote. Romina Boccia, Deputy Director at The Heritage Foundation, joins Cheddar to discuss how the bill will impact small companies and what she wishes was included in the legislation.
She predicts there will be more foreign direct investments into American companies, which will drive wages and create jobs in the U.S. It will encourage major corporations to move their headquarters to America. The corporate tax rate will drop from 35% to 21%, bringing American closer to the world's average, she says.
Plus, many are concerned about the removal of the state and city tax deduction. Boccia explains you can still deduct up to $10,000 with the cap now. She says only very wealthy individuals will feel an impact.
White House press secretary Karine Jean-Pierre says the White House has confidence the Secret Service is “going to get to the bottom of this.”
Americans are segregating by their politics at a rapid clip, helping fuel the greatest divide between the states in modern history.
China has restricted exports of high-tech metals gallium and germanium, which are critical to making chips, in response to the U.S. blocking them from access to advanced chips.
A federal judge in Louisiana has restricted the Biden administration from communicating with social media platforms regarding content.
Russia said it's in contact with the U.S. over the imprisonment of journalist Evan Gershkovich.
They spoke to The Associated Press on condition of anonymity because they were not authorized to discuss the investigation publicly.
Former President Donald Trump reportedly pressured former Arizona Gov. Doug Ducey to overturn the state's 2020 election results.
Former President Donald Trump reportedly pressured former Arizona Governor Doug Ducey to overturn the state's 2020 election results.
Former New Jersey Gov. Chris Christie said President Joe Biden and former President Donald Trump are "beyond their sell-by date" in an interview with The New York Times.
Overturning Roe v. Wade and eliminating affirmative action in higher education had been leading goals of the conservative legal movement for decades. In a span of 370 days, a Supreme Court reshaped by three justices nominated by President Donald Trump made both a reality.
