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.
An overnight stampede in Israel kills dozens, a look at the COVID disaster in Latin America, the economic repositioning in America, a new shortage to report and did people really answer the phone without Caller ID?
China has launched the main module of its first permanent space station that will host astronauts long term.
This time the Food and Drug Administration is under pressure from African American groups to remove the mint flavor, which is popular among Black smokers.
Fresh off a high-profile loss against Amazon in Bessemer, Alabama, the union movement in America is more fired up than it's been in a generation.
The headlines from President Biden's first speech to Congress, plus why he's got reason to be sounding optimistic about the state of the pandemic. And would you let a Walmart worker stock your fridge?
The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.
Federal Reserve Chair Jerome Powell stuck to his guns on Wednesday following a two-day policy meeting of the Federal Open Market Committee.
Former President Donald Trump is defending Rudy Giuliani, his longtime personal lawyer, after federal investigators executed search warrants at Rudy Giuliani’s Manhattan residence and office.
President Joe Biden declares “America is rising anew” as he calls for an expansion of federal programs to drive the economy past the coronavirus pandemic and broadly extend the social safety net on a scale not seen in decades.
Jill and Carlo discuss the CDC's updated mask guidance, a deeper dive into the catastrophe in India, what POTUS will pitch to Congress, and the biggest public health breakthrough of the decade that you haven't heard about.
