Christmas Comes Early for the GOP: Tax Reform Passes
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.
Israeli forces are raiding Gaza’s largest hospital, where hundreds of patients, including newborns, have been stranded with dwindling supplies and no electricity.
Nikki Haley's campaign is investing heavily in Iowa and New Hampshire as the presidential hopeful will be appearing in $10 million worth of TV, radio, and digital ads starting in December.
Paul Pelosi, husband of former House Speaker Nancy Pelosi, testified Monday in the trial of the man accused of breaking into his home and attacking him in October last year.
Thousands of people are expected in Washington, DC Tuesday for a demonstration to support Israel, condemn anti-Semitism, and call for the release of the roughly 240 hostages held by Hamas.
