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.
Secretary of State Blinken said Wednesday that as many as 1,500 Americans may be awaiting evacuation from Afghanistan.
Kathy Hochul became the first female governor of New York on Tuesday, vowing to bring new energy and urgency to solving immense challenges as she took over an administration criticized for inaction.
U.S military troops flying round the clock have managed their biggest day of airlifts out of Afghanistan by far.
The Taliban's return to power in Afghanistan as the U.S. withdraws is presenting new issues and challenges for social media platforms like Facebook and YouTube.
Biden’s comments at a White House news conference Friday come as the U.S. government struggles to ramp up a massive airlift clearing Americans and other foreigners and vulnerable Afghans, rescuing them from a Taliban takeover of the country.
The number of incidents involving unruly airline passengers is growing, and so are the fines imposed by federal safety officials.
The Biden administration says it will automatically erase student loan debt for more than 300,000 Americans with disabilities that leave them unable to earn significant incomes.
The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low.
The Biden administration will require that nursing home staff are vaccinated against COVID-19 as a condition for those facilities to continue receiving federal Medicare and Medicaid funding.
If you're flying on a plane or taking a train, be ready to keep wearing that face mask for a few more months. The Transportation Security Administration said Tuesday it will extend the face-mask rule on public transportation.
