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.
President Joe Biden is taking a markedly more humble tone for a U.S. leader on climate change.
British Prime Minister Boris Johnson has opened a global climate summit, saying the world is strapped to a “doomsday device.”
Activists are getting a boost from CrowdLobby to press legislators to expand New York's Good Samaritan Law to teach high school students about being proactive in saving their peers from potentially dying of a drug overdose.
The United States has issued its first passport with an “X” gender designation for people who don’t identify as male or female.
A group of prominent academics and activists are calling on banks and insurers to avoid the kind of systemic collapse that crippled the world economy back in 2008.
Last spring, as false claims about vaccine safety threatened to undermine the world's response to COVID-19, researchers at Facebook found they could reduce vaccine misinformation by tweaking how vaccine posts show up on users' newsfeeds.
New York City's first immersive cannabis experience, The Stone Age, is seeking to change the narrative about cannabis, just in time for legalization.
The U.N. weather agency says greenhouse gas concentrations hit a new record high last year and increased at a faster rate than the annual average for the last decade.
Facebook the company is losing control of Facebook the product — and of the carefully crafted image it’s spent over a decade selling despite problems like misinformation, human trafficking, and pervasive extremist groups on its platform.
The Supreme Court is allowing the Texas law that bans most abortions to remain in place for now but has agreed to hear arguments in the case on Nov. 1.
