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.
Sen. Chuck Schumer (D-N.Y.) joined the NYC Cannabis Parade, the first since the Empire State legalized marijuana. The senator promised to continue to fight for "fair, just, and full legalization" on a federal level.
Former President Donald Trump won’t return to Facebook. The social network’s quasi-independent Oversight Board has voted to permanently ban his account after it was suspended four months ago for inciting violence that led to the deadly Jan. 6 Capitol riot.
President Joe Biden has set a new vaccination goal to deliver at least one dose to 70% of American adults by July Fourth.
Sen. Amy Klobuchar (D-Minn.) joined Cheddar to discuss her new book "Antitrust," tackling the issues of monopolistic business practices, particularly in Big Tech.
Turkey’s shipbreaking yard is located in the town of Aliaga - about 30 miles north of Port Izmir. Usually, this yard breaks down cargo and container ships. But in 2020, it started bringing in another type of vessel. And business is booming.
Bill and Melinda Gates say they're divorcing. The Microsoft co-founder and his wife, who launched the world’s largest charitable foundation, said they would continue to work together at the Bill & Melinda Gates Foundation.
Jon M. Chu, director of 'Crazy Rich Asians,' discussed the issues of diversity and AAPI representation in Hollywood with Cheddar.
Air travel continues to recover from the pandemic, although it's still not close to normal.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Lincoln Mondy, advocate and filmmaker behind the short film "Black Lives/Black Lungs," talked to Cheddar about the FDA's announcement it will move to ban menthol-flavored cigarettes.
