Christmas Comes Early for the GOP: Tax Reform Passes
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.
Attorneys for Gov. Ron DeSantis are asking a federal judge on Tuesday to dismiss a free speech lawsuit filed by Disney after the Florida governor took over Walt Disney World's governing district in retaliation for the company opposing a state law that banned classroom lessons on sexual orientation and gender identity in early grades.
Federal investigators have gained access to former president Donald Trump's phone records which could be used as evidence in his 2020 election interference trial.
The Texas Supreme Court has ruled against a woman seeking an abortion while in Arizona, the state Supreme Court will begin hearing oral arguments in an abortion rights case.
Attorneys for a pregnant Texas woman who sought court permission for an abortion in an unprecedented challenge to one of the most restrictive bans in the U.S. say she has left the state to obtain the procedure.
A New Hampshire man has been accused of sending text messages threatening to kill a presidential candidate ahead of a scheduled campaign event Monday, federal prosecutors said.
Special counsel Jack Smith on Monday asked the Supreme Court to take up and rule quickly on whether former President Donald Trump can be prosecuted on charges he plotted to overturn the 2020 election results.
Wildlife officials plan to release gray wolves in Colorado in coming weeks, at the behest of urban voters and to the dismay of rural residents who don't want the predators but have waning influence in the Democratic-led state.
