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.
Andrew Williamson, vice president of global government affairs and economic adviser for Huawei, spoke to Cheddar about the Chinese telecom company's lack of communication with President Biden regarding ongoing trade tensions with the U.S.
As Cheddar celebrates phenomenal women during the month of March, we're taking a second to highlight a few trailblazers who have helped shape the world we live in.
It's official: Lawmakers and Gov. Cuomo have made New York the 15th state to legalize marijuana for recreational use.
Witnesses testified Tuesday that onlookers grew increasingly angry as they begged Minneapolis Officer Derek Chauvin to take his knee off George Floyd’s neck.
Russian President Vladimir Putin has hailed the military’s performance during recent Arctic drills, part of Moscow’s efforts to expand its presence in the polar region.
What happens inside a warehouse in Bessemer, Alabama could have major implications not just for the country’s second-largest employer but the labor movement at large.
President Joe Biden and CDC Director Dr. Rochelle Walensky are making impassioned pleas to Americans not to let their guard down in the fight against COVID-19.
New York lawmakers have finalized an agreement to legalize recreational marijuana sales to adults over the age of 21.
A joint WHO-China study on the origins of COVID-19 says that transmission from bats to humans through another animal is the most likely scenario and that a lab leak of the coronavirus is “extremely unlikely.”
We have another Infrastructure Week on the schedule and if you had “the filibuster isn’t racist” on your 2021 BINGO card, you win a prize. Here’s more about what is and isn’t expected in the Washington Week Ahead.
