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.
Cheddar looks ahead to what may be in store for President-elect Joe Biden once he takes office on January 20.
A coronavirus action plan from President-elect Joe Biden centers on a mass vaccination campaign and closer coordination among all levels of government.
President Donald Trump has been impeached by the U.S. House over the violent siege of the Capitol.
U.S. Shadow Representative of the District of Columbia Oye Owolewa spoke to Cheddar about his belief that the recent attack on the Capitol building underlined the need for DC's statehood.
Cheddar's Megan Pratz reflects on the chaotic day of the counting of the electoral votes when the U.S. Capitol building became overrun by rioters.
The U.S. government’s deficit in the first three months of the budget year was a record-breaking $572.9 billion.
Airbnb says it will be blocking and canceling reservations in the Washington, D.C. area during the week of the presidential inauguration.
Mayor Bill de Blasio says New York City will terminate business contracts with President Donald Trump after last week’s insurrection at the U.S. Capitol.
A look at how President-elect Joe Biden's budgetary concerns will fit in with people's changing perceptions of the federal deficit and deficit spending.
Impeachment ahead, the House will first try Tuesday to push the vice president and Cabinet to act even more quickly to remove President Donald Trump from office.
