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.
Manufacturers, retailers, and corporate head-honchos alike have criticized President Donald Trump and certain Republicans' efforts to delay the peaceful transfer of power.
President-elect Joe Biden has introduced Merrick Garland as his pick for attorney general along with three others he has selected for senior Justice Department positions.
House Speaker Nancy Pelosi says President Donald Trump should immediately be removed from office or Congress may proceed to impeach him.
The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.
Congress confirmed Democrat Joe Biden as the presidential election winner early Thursday after a violent mob loyal to President Donald Trump stormed the U.S. Capitol.
Angry supporters of President Donald Trump have stormed the U.S. Capitol in a chaotic protest aimed at thwarting a peaceful transfer of power.
Democrats have won both Georgia Senate seats — and with them, the U.S. Senate majority. That's a stunning defeat for President Donald Trump in his final days in office and it dramatically improves the fate of President-elect Joe Biden’s progressive agenda.
The U.S. Capitol locked down Wednesday with lawmakers inside as violent clashes broke out between supporters of President Donald Trump police.
President-elect Joe Biden has selected Merrick Garland, a federal appeals court judge, as his attorney general, two people familiar with the selection process said Wednesday.
Georgia voters are set to decide the balance of power in Congress in a pair of high-stakes Senate runoff elections.
