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.
Rallies, celebrations, and marches all over Brooklyn on Friday to celebrate the actual end of slavery 155 years ago, took on added significance in the wake of high profile police killings of Black Americans.
In New York City, residents are lining up for the vaccine even as the distribution chain becomes strained. Cheddar's Chloe Aiello follows the reservation process and how the state will manage its supply of vaccines.
For many homeless people, in NYC, the overnight subway shutdown is leaving them with nowhere to go especially as coronavirus infections spread throughout shelters.
The Biden administration is boosting purchases of coronavirus vaccines to deliver enough to protect 300 million Americans by the end of the summer.
Senate Republicans have voted overwhelmingly against moving forward with Donald Trump’s second impeachment trial.
Biden press secretary Jen Psaki said Monday that the Treasury Department is taking steps to resume efforts to put the 19th century abolitionist leader on the $20 bill
White House officials say President Joe Biden will order the Department of Justice to end its reliance on private prisons and acknowledge the central role the government has played implementing discriminatory housing policies.
Vice President Kamala Harris administered the oath of office to Yellen, who is the first woman Treasury secretary in U.S. history.
Fort Collins, Colorado Mayor Wade Troxell, a member of the FAA drone advisory committee, spoke with Cheddar about how the recently implemented rules will affect the use of drones going forward.
A mythical, ape-like creature that has captured the imagination of adventurers for decades has now become the target of a state lawmaker in Oklahoma.
