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.
The Centers for Disease Control and Prevention updated its guidance Friday to say fully vaccinated people can travel within the U.S. without getting a COVID-19 test or going into quarantine.
Sen. Tammy Duckworth discusses her support for President Biden's infrastructure plan and how it would potentially help improve the economy.
President Biden has named a racially diverse and overwhelmingly female group to federal and other judgeships. His first list of judicial nominees includes three Black women for U.S. courts of appeals.
Authorities say two Ecuadoran children were abandoned by smugglers after being dropped over a 14-foot-high barrier along the U.S.-Mexico border Tuesday evening.
The still-elevated number of unemployment claims shows that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.
With President Biden unveiling a $2.9 trillion infrastructure plan, the old gas tax formula may not be able to serve as a matching revenue source, especially with the consistent drumbeat of growing the electric vehicle market.
The Minneapolis officer who put his knee on George Floyd's neck defended himself to a bystander afterward by saying Floyd was “a sizable guy” and “probably on something."
The Biden administration for the first time has allowed journalists inside its main border detention facility for migrant children.
Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its virtual reality headsets.
President Joe Biden wants $2.3 trillion to reengineer America’s infrastructure and expects the nation’s corporations to pay for it.
