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.
About 678,000 jobs were created in February, hundreds of thousands more than predicted, according to the latest Labor Department report, showing a broad economic recovery despite inflation woes. Heather Boushey, member of the Council of Economic Advisers for President Biden, joined Cheddar News to talk about the employment figures. "This really shows that the economy is now more resilient because of the tools that we have in place," Boushey said. "So I'm optimistic that we'll be able to weather future storms."
Ramit Varma, Independent candidate for Mayor of Los Angeles, joins Cheddar News to discuss the race and how he plans to tackle critical issues in the California city.
Tyler Pager, White House reporter at the Washington Post, and Reecie Colbert, founder of BlackWomenViews Media, join Cheddar Politics to discuss President Biden's Supreme Court nominee Judge Ketanji Brown Jackson. They break down how her nomination came to be and what comes next in her confirmation process.
Joel Rubin, former deputy assistant at Secretary of State & president of the Washington Strategy Group, joins Cheddar News to break down the latest between Russia and Ukraine.
Nicole Goodkind, business and politics reporter at Fortune Magazine, joins Cheddar Politics to break down President Biden's first State of the Union address.
Londoners are facing travel chaos after around 10,000 transport workers walked off their jobs for the second day this week, leaving almost all of the capital’s subway lines suspended or severely disrupted.
Rep. Carolyn Maloney joined Cheddar News after President Biden's State of the Union address to give her reaction and talk about the situation in Ukraine.
UN and Ukrainian officials say no radiation was released from a Russian attack at Europe’s biggest nuclear power plant in Ukraine and firefighters have extinguished a blaze at the facility..
Liz Landers Chief Political Correspondent at Vice News, breaks down the President's address including his stance on the Russian invasion and spotlights historic moments during his speech.
Markets opened higher on Thursday despite ongoing uncertainty amid the Russia-Ukraine conflict. John Petrides, Portfolio Manager, Tocqueville Asset Management joined Cheddar's Opening Bell to discuss early market activity.
