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.
U.S. and Mexican officials have agreed on new immigration policies meant to deter illegal border crossings.
Newly opened records that belonged to Supreme Court Justice John Paul Stevens give the public a behind-the-scenes glimpse at his decades on the court, including the tense struggle over the 2000 presidential election and major cases on affirmative action and abortion.
Senate Democrats promised Tuesday to pursue stronger ethics rules for the Supreme Court in the wake of reports that Justice Clarence Thomas participated in luxury vacations and a real estate deal with a top GOP donor. Republicans made clear they strongly oppose the effort.
The Biden administration will send 1,500 troops to the U.S.-Mexico border amid an expected migrant surge following the end of coronavirus pandemic-era restrictions.
Major Changes to Drug Policies for Federal Job Applicants
The board of supervisors picked by Ron DeSantis voted to countersue Disney after the company filed a lawsuit against the Florida governor, alleging political retaliation.
The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits.
A Missouri judge has blocked a unique rule that would restrict access to gender-affirming health care to children and adults.
Attorneys for Montana state Rep. Zooey Zephyr are asking a court to allow for her return to the House floor.
Members of the Central Florida Tourism Oversight District on Monday voted unanimously to sue Disney in state court in the Orlando area.
