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.
The first lady says real people often are caught in the middle. She spoke Monday in Washington about a now-stalled proposal for tuition-free community college, which she's pushed for a long time as a community college professor.
In a flurry of diplomacy across two continents, President Joe Biden emerged from a meeting with Germany’s new leader to vow the crucial Nord Stream 2 gas pipeline in Europe would be blocked if Russia further invades Ukraine.
Kristin Myers, Editor-in-Chief at The Balance, joined Cheddar News to preview the January jobs report, and to break down the racial disparity in employment numbers in the U.S.
Jarrod Loadholt, Partner at Ice Miller, joins Cheddar News' Closing Bell, where he breaks down the latest proposal by the SEC and explains how it could allow the agency to make major regulatory moves within the cryptocurrency space if approved.
Personal data platform Caden raised $3.1 million in pre-seed funding. Caden says its service allows users to have complete control over their data and earn a profit from it by sharing certain data with trusted brands, while never relinquishing ownership. The company also says its goal is to transform the internet and the use of personal data and make a better system for both consumers and brands. Caden founder and CEO John Roa joins Cheddar News' Closing Bell to discuss.
The leaders of Russia and China have declared their joint opposition to any expansion of NATO and affirmed that the island of Taiwan is a part of China.
U.S. employers stepped up hiring in January, adding 467,000 jobs despite a wave of omicron inflections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.
As we celebrate Black History Month, Cheddar is highlighting prominent Black Americans who are carving their own historic paths and trailblazing in their industries. Today we profile Newark, NJ, Mayor Ras Baraka.
President Joe Biden is committing to reduce the cancer death rate by 50% over the next 25 years. That's a new goal for the “moonshot” against the disease that was announced in 2016 when Biden was vice president.
A major winter storm with millions of Americans in its path brought a mix of rain, freezing rain and snow to the middle section of the United States as airlines canceled hundreds of flights, governors urged residents to stay off roads and schools closed campuses.
