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.
California Gov. Gavin Newsom is moving to dismantle the nation’s largest death row by moving all condemned inmates to other prisons.
Russia says it will relocate naval exercises off the coast of Ireland after Dublin raised concerns about them amid the tense dispute with the West over expansion of the NATO alliance and fears that Russia is preparing to invade Ukraine.
he Australian government has pledged to spend another 1 billion Australian dollars ($704 million) over nine years on improving the health of the Great Barrier Reef after stalling a UNESCO decision on downgrading the natural wonder’s World Heritage status.
President Joe Biden visited the collapsed bridge in Pittsburgh that fell just hours before his previously scheduled trip to promote his infrastructure package — a new law that aims to prevent just such disasters.
President Joe Biden and first lady Jill Biden have added a cat to their pet family. The cat's name is Willow, and she's a 2-year-old, green-eyed, gray, and white tabby from a Pennsylvania farm.
Denmark’s government says it will scrap most pandemic restrictions next week, even as neighboring Sweden has extended its own measures for another fortnight.
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Supreme Court Justice Stephen Breyer confirmed that he will retire at the end of the high court's current term.
A conservation group is turning over a historic redwood grove on the Northern California coast to descendants of the original Native American inhabitants.
A California city has voted to require gun owners to carry liability insurance in what's believed to be the first measure of its kind in the United States.
