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.
Lloyd J. Austin, the West Point graduate who rose to the Army’s elite ranks and marched through racial barriers in a 41-year career, has won Senate confirmation to become the nation’s first Black secretary of defense.
House Speaker Nancy Pelosi will send the article of impeachment against Donald Trump to the Senate on Monday.
Cheddar takes a look at newly installed President Joe Biden's personal stamp on the Oval Office.
After President Joe Biden’s inauguration went off with only a handful of minor arrests and incidents, more than 15,000 National Guard members are preparing to leave Washington, D.C., and head home.
President Joe Biden is putting into play his national COVID-19 strategy to ramp up vaccinations and testing, reopen schools and businesses, and increase the use of masks.
San Jose Mayor Sam Liccardo, a Democrat, talked to Cheddar about why he believes that former President Trump deserves harsh punishment in connection to the Capitol Hill riots on January 6.
Janet Yellen, set to become the first female treasury secretary, spoke before the Senate Finance Committee and laid out her case for aggressive fiscal action in the months ahead.
President Joe Biden’s top adviser on the pandemic says the United States will again fund the World Health Organization and join its consortium aimed at sharing coronavirus vaccines fairly around the globe.
In his first address as the 46th President of the United States, Joe Biden drove home the message that his administration will be one of unity and healing.
President Joe Biden has signed a series of executive orders from the Oval Office hours after his inauguration.
