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 says the U.S. military mission in Afghanistan will conclude on Aug. 31. He says “speed is safety” as the United States seeks to end the nearly 20-year war.
Fans will be banned from the Tokyo area’s stadiums and arenas when the Olympic Games begin in two weeks.
Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have used to keep longer-term interest rates in check.
Former President Donald Trump has filed suit against three of the country's biggest tech companies, claiming he and other conservatives have been wrongfully censored.
Haitian President Jovenel Moïse was assassinated in an attack on his private residence early Wednesday, according to a statement from the country’s interim prime minister.
The Pentagon said it has canceled a cloud-computing contract with Microsoft that could eventually have been worth $10 billion and will instead pursue a deal with both Microsoft and Amazon.
Ukraine's defense minister is under pressure from members of the government over the decision to have female military cadets wear mid-heeled pumps in a parade
Conservative Supreme Court Justice Clarence Thomas took a surprising stand on cannabis.
After two months of lower than expected job gains, the June jobs data has brought some cheer to those looking for a faster economic recovery.
America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
