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.
Space Milestone, Booster Debate & Greatest Songs Ever
President Joe Biden has invited CEOs and business leaders to the White House to discuss COVID-19 mandates.
Massachusetts’ governor has activated the state’s National Guard to help with busing students to school as districts across the country struggle to hire enough drivers.
If you want to dine indoors, go to a gym or attend an event at an entertainment venue in New York, you'll need to show proof that you have had at least one dose of a COVID-19 vaccine.
North Korea said Monday that it successfully tested newly developed long-range cruise missiles over the weekend.
The fight for funding for 9/11 survivors and first responders is back on the legislative agenda, as Congress considers a bill to update the funding formula for a key program which could mean billions of additional dollars for care.
The Justice Department on Thursday sued Texas over a new state law that bans most abortions, arguing that it was enacted “in open defiance of the Constitution."
President Joe Biden on Thursday is toughening COVID-19 vaccine requirements for federal workers and contractors as he aims to boost vaccinations and curb the surging delta variant that is killing thousands each week and jeopardizing the nation’s economic recovery.
A crowd erupted in cheers and song Wednesday as work crews hoisted an enormous statue of Confederate Gen. Robert E. Lee off the pedestal where it has towered over Virginia’s capital city for more than a century.
Gain-of-Function, Mexico Abortion Stunner & Album Wars
