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.
As it has for more than 170 years, The Associated Press will count the vote and report the results on Nov. 3 and beyond.
Voters in the U.S. are nearing the end of a fraught U.S. election season. They're casting the last of what will likely be a record-setting number of ballots.
Voters across the U.S. received anonymous robocalls in the lead up to Election Day urging them to “stay safe and stay home” - an ominous warning that election officials say could be an effort to scare voters.
Government spending is at record levels under the Trump administration and its drawing attention to the U.S. tax code. Cheddar's Kristen Scholer breaks takes a look at how Trump and Biden tax plans compare.
For countries around the planet, the presidency of Donald Trump in its first term has been, it is safe to say, a singular experience to watch.
Former Vice President Joe Biden has been hoping to match Trump in the one area where the president dominates most — social media advertising.
The Republican and Democratic candidates for Utah's gubernatorial seat having linked arms for an unconventional campaign ad that shows despite conflicting ideas, civility is possible. Lt. Governor Spencer Cox and Democratic challenger, Chris Peterson joined Cheddar to discuss how civility among people and politicians can move the country forward.
With weekly jobless claims remaining high, voters might want to know more about what former Vice President Joe Biden and President Donald Trump intend to do on the issue of labor.
Voters in Arizona, Montana, and New Jersey will vote on adult-use cannabis legalization, while voters in Mississippi will decide on medical cannabis and South Dakota will consider both medical and adult-use simultaneously.
Digital political ads , while not the primary source for campaigns, are growing in popularity. Cheddar's Michelle Castillo takes a look at how Facebook's political ad policies are being implemented.
