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.
The State Department says it's looking into the apparent disappearance of a nearly $6,000 bottle of whisky given more than two years ago to then-Secretary of State Mike Pompeo by the government of Japan.
A majority of state Assembly members support beginning impeachment proceedings against Gov. Andrew Cuomo if he doesn’t resign over investigative findings that he sexually harassed at least 11 women.
Lobbyists for the crypto industry are calling for last-minute revisions to an infrastructure bill provision that could fundamentally change how the federal government treats holders of digital assets.
The Centers for Disease Control and Prevention has issued a new moratorium on evictions that would last until Oct. 3.
Cuomo Report, Evictions Halted & Passenger From Hell
The Biden administration will announce a new 60-day eviction moratorium that would protect areas where 90% of the U.S. population lives.
An investigation into New York Gov. Andrew Cuomo has found that he sexually harassed multiple current and former state government employees.
New York City will soon require proof of COVID-19 vaccinations for anyone who wants to dine indoors at a restaurant, see a performance or go to the gym, Mayor Bill de Blasio announced Tuesday.
Biles Takes the Beam, Vax Milestone & 'Lord of the Rings' First Look
Sen. Lindsey Graham has tested positive for the coronavirus. The South Carolina Republican is the first senator to disclose a breakthrough infection after being vaccinated.
