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.
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.
Four former presidents are urging Americans to get vaccinated as soon as COVID-19 doses are available to them, as part of a campaign to overcome hesitancy for the shots.
You can’t separate classic New York City architecture from the fire escape. They’re all over.
President Joe Biden is outlining his plan to make all adult Americans eligible for vaccination by May 1 and get the nation back “closer to normal” by the Fourth of July.
Arkansas Gov. Asa Hutchinson defended his decision to keep much of the economy, including schools, open during the pandemic., as well as signing a near-total abortion ban bill.
When the World Health Organization declared a pandemic one year ago on Thursday, it did so only after weeks of resisting the term and maintaining the coronavirus could still be stopped.
Prince William says that his family is not racist, becoming the first British royal to speak out about accusations of bigotry made by Prince Harry and Meghan, his brother and sister-in-law.
Congress has sent President Joe Biden the landmark $1.9 trillion COVID-19 relief bill.
Eisenhower’s interstate system was the biggest infrastructure project of its time. What justified the cost was its potential to connect all corners of America, but the unforeseen impacts of the highway system seemed to do the opposite of the intention.
Dr. Anne Zink, chief medical officer for the state of Alaska, spoke to Cheddar about Alaska's remarkable task of getting COVID vaccines to a widespread populace even as the state opens up eligibility to nearly everyone.
