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.
California's population declined in 2020 for the first time since state officials have been measuring it.
President Joe Biden’s promised economic comeback hit a speed bump Friday with the April jobs report.
A federal grand jury has indicted the four former Minneapolis police officers involved in George Floyd’s arrest and death, accusing them of willfully violating the Black man’s constitutional rights.
The recovery of America’s job market hit a pause last month as many businesses — from restaurants and hotels to factories and construction companies — struggled to find enough workers to catch up with a rapidly strengthening economic rebound.
Amusement park regulation varies from state to state, but no American amusement park receives federal oversight. In fact, the largest parks are free to regulate themselves.
Edward Snowden, a former U.S. National Security Agency and CIA contractor-turned whistleblower, on Thursday criticized what he called bitcoin's lack of privacy protections.
The largest section of the rocket that launched the main module of China’s first permanent space station into orbit is expected to plunge back to Earth as early as Saturday at an unknown location.
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago
Sen. Elizabeth Warren (D-Mass.), who stopped by Cheddar to discuss her new memoir "Persist," touched on topics ranging from Facebook's ban of former President Trump to dismissing worries over inflation.
President Joe Biden has made a Cinco de Mayo taco and enchilada run to highlight his administration’s $28.6 billion program to help eateries that lost business because of the coronavirus pandemic.
