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 DOJ identified three cities that could have federal funding slashed under a memorandum by President Donald Trump that sought to identify localities that permit "anarchy, violence and destruction in American cities."
Supreme Court Justice Ruth Bader Ginsburg, a diminutive yet towering women’s rights champion who became the court’s second female justice, has died at her home in Washington.
U.S. health officials are dropping a controversial piece of coronavirus guidance and telling all those who have been in close contact with infected people to get tested.
Senator Jon Tester of Montana joined Cheddar to discuss movement on a new stimulus deal in Congress after talks paused in August. Tester also discusses how Joe Biden can win back rural voters this November.
An Associated Press review found growing allegations that a gynecologist performed surgeries and other procedures that detained migrant women never sought or didn’t fully understand.
Judge Stanley Bastian in Yakima, Washington, said he was issuing a nationwide preliminary injunction sought by 14 states that sued the Trump administration and the U.S. Postal Service.
College towns across the U.S. have emerged as virus hot spots in recent weeks as schools struggle to contain the virus.
As the U.S. treks into the 7th month of the coronavirus pandemic, trust in government agencies and top medical officials is dropping among Republican voters. Dr. Richard Besser, president and CEO of the Robert Wood Johnson Foundation, joined Cheddar to discuss how people can navigate advice from medical professionals as some guidances are deemed political.
The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come.
The federal government is outlining a sweeping plan to make COVID-19 vaccines available for free to all Americans.
