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.
This week Jon Stewart helped bring forth new legislation aimed at providing financial relief for burn pit victims. Stewart said the battle with congress is just a continued fight in getting first responders aid in the 9/11 Victim Compensation Fund. Cheddar's JD Durkin reports.
Less than five weeks after the conference announced it would push football and other fall sports to spring because of the pandemic, the conference changed course.
President Donald Trump is presiding over the signing of historic diplomatic deals between Israel and the United Arab Emirates and Bahrain that could herald a dramatic shift in Middle East power dynamics.
A nurse at an immigration detention center in Georgia says authorities performed questionable hysterectomies, refused to test detainees for COVID-19 and shredded medical records.
Automakers Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations.
The Treasury Department says that the U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year.
Senate Democrats have scuttled a scaled-back GOP coronavirus rescue package, saying the measure shortchanges too many pressing needs as the pandemic continues its assault on the country.
Cheddar's JD Durkin writes how former VP Joe Biden could steal the thunder from his incumbent opponent Donald Trump: by announcing his former boss President Obama as a hypothetical candidate for SCOTUS.
A huge fire broke out Thursday at the Port of Beirut, the site of last month's catastrophic explosion that killed nearly 200 people and devastated parts of the capital.
A new book reveals that President Donald Trump seemed to understand the severity of the coronavirus threat even as he was telling the nation that it was no worse than the seasonal flu and insisting that the U.S. government had it totally under control.
