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.
NYC legalized recreational adult use marijuana but before the industry settles in, we're taking on to an underground NYC dinner party where the food is infused with cannabis. Cheddar's Chloe Aiello reports.
The leaders of Russia and China have put aside their raw-worded disputes with U.S. President Joe Biden long enough to pledge international cooperation on cutting climate-wrecking coal and petroleum emissions.
President Joe Biden is preparing to formally acknowledge that the systematic killing and deportation of hundreds of thousands of Armenians by the Ottoman Empire in modern-day Turkey more than a century ago was genocide.
The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.
Senator Tina Smith (D-Minn.) joined Cheddar to express hope that some of her GOP counterparts join in a bipartisan effort to reform policing in the United States.
President Joe Biden has announced new employer tax credits and other steps to encourage people reluctant to be inoculated to get the COVID-19 vaccine.
President Joe Biden will pledge to cut U.S. greenhouse gas emissions at least in half by 2030 as he convenes a virtual climate summit with 40 world leaders.
A judge overseeing a sweeping lawsuit about homelessness in Los Angeles has ordered the city and county to find shelter for all unhoused residents of Skid Row within 180 days.
After three weeks of testimony, the trial of the former police officer charged with killing George Floyd ended swiftly.
Body camera video shows a Columbus officer fatally shoot a Black teenage girl who swung at two other people with a knife.
