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.
Kyle Rittenhouse has been acquitted of all charges after pleading self-defense in the deadly Kenosha, Wisconsin, shootings that became a flashpoint in the nation’s debate over guns, vigilantism and racial injustice.
A sharply divided House has approved the Democrats’ sweeping social and environment bill, a big victory for President Joe Biden.
A rare first printing of the U.S. Constitution has sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.
The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.
The House has voted to censure Republican Rep. Paul Gosar of Arizona for posting an animated video that depicted him killing Democratic Rep. Alexandria Ocasio-Cortez with a sword.
Jacob Chansley, the spear-carrying Jan. 6 rioter whose horned fur hat, bare chest and face paint made him one of the more recognizable figures in the assault on the Capitol, has been sentenced to 41 months in prison.
Russian officials on Tuesday rejected accusations that they endangered astronauts aboard the International Space Station by conducting a weapons test that created more than 1,500 pieces of space junk.
President Joe Biden has signed his hard-fought $1 trillion infrastructure deal into law before a bipartisan celebratory crowd on the White House lawn.
President Joe Biden says his administration will help improve public safety and justice for Native American communities.
Democrat Beto O’Rourke is running for governor of Texas. The former El Paso congressman announced his decision Monday.
