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.
Gov. Ron DeSantis and Florida lawmakers are ratcheting up pressure on Walt Disney World.
Vice President Kamala Harris on Saturday urged Americans to take action during “a critical point in our nation’s history” as thousands of protesters demonstrated across the country against new limits to abortion rights making their way through the courts.
As explosions and gunfire thundered outside, Sudanese huddled in their homes for a third day Monday in the capital Khartoum and other cities, while the army and a powerful rival force battled in the streets for control of the country.
Norwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production.
Next month, the IRS will release the first in a series of reports looking into how a publicly run system might be created.
Without citing a reason, the Delaware judge overseeing a voting machine company’s $1.6 billion defamation lawsuit against Fox News announced late Sunday that he was delaying the start of the trial until Tuesday.
“This has been an unspeakable week of tragedy for our city,” said mayor Craig Greenberg.
The Supreme Court said Friday it was temporarily keeping in place federal rules for use of an abortion drug, while it takes time to more fully consider the issues raised in a court challenge.
President Joe Biden announced Thursday that hundreds of thousands of immigrants brought to the U.S. illegally as children will be able to apply for Medicaid and the Affordable Care Act's health insurance exchanges.
Anyone who wants to buy a gun in Michigan will have to undergo a background check, and gun owners will be required to safely store all firearms and ammunition when around minors under new laws signed Thursday by Gov. Gretchen Whitmer.
