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.
Supreme Court nominee Amy Coney Barrett has spent a long day batting back Democrats' tough questioning at her Senate confirmation hearings.
Al Harington, founder of Viola Cannabis and former NBA player, joined Cheddar to discuss what a Biden/Harris administration would mean for the cannabis industry.
The Federal Reserve juicing money into local budgets through the Municipal Liquidy Facility was unprecedented, but a growing number of advocates for a more progressive, proactive Fed, is that it didn't go far enough.
Supreme Court nominee Amy Coney Barrett has presented her conservative approach to the law at the start of a fast-tracked confirmation hearing.
President Donald Trump is looking to get his campaign back on track, a week after he was sidelined with the coronavirus that has killed more than 210,000 Americans.
U.S. Rep. Ken Buck (R-Colo.) joined Cheddar to discuss how Congress and the judiciary should approach big tech monopolies. Buck was clear that the Democrats and Republicans, however, disagree on just how to go about shrinking the tech giants.
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.
The White House is boosting its offer in up-and-down COVID-19 aid talks Friday in hopes of an agreement before Election Day.
Former GOP presidential candidate Carly Fiorina discussed her support of Joe Biden's bid for the presidency. Also, the former CEO of Hewlett-Packard, she attributed her support for Biden due to a lack of leadership from President Trump and his failed foreign policies.
Democratic lawmakers are speaking out against a proposed Labor Department rule that they argue would make it harder for retirement funds to consider important environmental factors when making investment decisions.
