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.
With more similar services on the market, there are questions if TikTok can remain king especially as it chases after advertiser dollars.
Vineyard Wind CEO Lars Thaaning Pedersen spoke to Cheddar about beginning production of its wind power farm off the coast of Massachusetts.
President Joe Biden is set to announce that he's shaving about two weeks off his May 1 deadline for states to make all adults eligible for coronavirus vaccines.
U.S. Treasury Secretary Janet Yellen is urging the adoption of a minimum global corporate income tax.
Rep. Jake Auchincloss (D-Mass. 4th District), spoke to Cheddar on how Democrats were insistent on passing Joe Biden's American Jobs Plan even without bipartisan assistance.
Utah’s governor has signed a law requiring biological fathers to pay half of a woman’s out-of-pocket pregnancy costs.
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.
Heather Boushey, a member of the White House Council of Economic Advisors, spoke to Cheddar about the Biden administration's positive outlook on the future of U.S. jobs and the economy.
Major League Baseball has moved the All-Star Game from Atlanta’s Truist Park, a response to Georgia enacting a new law last month restricting voting rights.
A Capitol Police officer has been killed after a man rammed a car into two officers at a barricade outside the U.S. Capitol and then emerged wielding a knife.
