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.
The push to inoculate Americans against the coronavirus is hitting a roadblock: A number of states are reporting they are running out of vaccine.
The Canadian company behind the Keystone XL oil pipeline says it has suspended work on the pipeline in in anticipation of incoming U.S. President Joe Biden revoking its permit.
Joe Biden swears the oath of office to become the 46th president of the United States, taking the helm of a deeply divided nation and inheriting a confluence of crises arguably greater than any faced by his predecessors.
President Donald Trump pardoned former chief strategist Steve Bannon in the final hours of his White House term as part of a flurry of clemency action that benefited more than 140 people, including rap performers, ex-members of Congress and other allies of him and his family.
U.S. Surgeon General Jerome Adams spoke to Cheddar about the need to speed up the vaccination process as more mutated variants of the novel coronavirus present themselves.
Stocks closed higher on Wall Street, recovering some of last week’s losses and pulling closer to their record highs.
A once large caravan of Honduran migrants that pushed its way into Guatemala last week has dissipated in the face of Guatemalan security forces.
The U.S. death toll from the coronavirus has eclipsed 400,000 in the waning hours in office for President Donald Trump, whose handling of the crisis has been judged by public health experts to be a singular failure.
With Democrats taking the White House and Senate while keeping control of the Senate, future stimulus programs may take some burden off of the Federal Reserve.
Cowen managing director and senior analyst Vivien Azer discusses the future of cannabis stocks in the U.S. in light of the recent election changes.
