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 CEOs of Twitter, Facebook and Google have received a hectoring from Republicans at a Senate hearing for alleged anti-conservative bias in the companies’ social media platforms. And
Cheddar's Megan Pratz was serving as Vice President Mike Pence's pool reporter as news broke that members of his team tested positive for the coronavirus.
Big tech CEOs are gearing up to testify in Washington as lawmakers prepare to take action on tech liability. Sen. Marsha Blackburn (R-Tenn.) joined Cheddar to discuss.
Rhode Island Sen. Sheldon Whitehouse, a Democrat, joined Cheddar to discuss what he feels is the need for Joe Biden to win the November election as the country faces the climate crisis.
Japanese Prime Minister Yoshihide Suga has declared Japan will achieve zero carbon emissions by 2050 in his first policy speech since taking over from Shinzo Abe.
Amy Coney Barrett is headed to to the Supreme Court. The Senate has confirmed President Donald Trump’s nominee, with Republicans overpowering Democratic opposition a week before Election Day.
Deaths per day from the coronavirus in the U.S. are on the rise again, just as health experts had feared, and cases are climbing in nearly every state, despite assurances from President Donald Trump over the weekend.
Rep. John Garamendi (D-Calif. 3rd District) joined Cheddar to discuss a new bill he is lobbying for that would bring more shipbuilding to the U.S.
The United States is approaching a record for the number of new daily coronavirus cases in the latest ominous sign of the disease’s grip on the nation.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
