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.
Acting chair of the White House Council of Economic Advisers Tyler Goodspeed joined Cheddar to give his take on the jobs report for August.
Sen. Amy Klobuchar (D-Minn.) is pushing a bill to save venues for music and the arts hit hard during the pandemic shutdowns.
With just two months left until the U.S. presidential election, Facebook says it is taking additional steps to encourage voting, minimize misinformation and reduce the likelihood of post-election “civil unrest.”
The timeline raised concern among public health experts about an “October surprise" — a vaccine approval driven by political considerations ahead of a presidential election, rather than science.
The House Oversight Committee has subpoenaed Postmaster General Louis DeJoy for records about widespread delays to mail delivery.
NBA all-star Jrue Holiday is working to combat systemic racism by donating his remaining salary. The New Orleans Pelicans guard is working with Resilia, a technology platform, to track his donations and ensure change is really happening.
Facebook said Tuesday that it removed a small network of accounts and pages linked to Russia's Internet Research Agency, the “troll factory" that has used social media accounts to sow political discord in the U.S. since the 2016 presidential election.
House Majority Leader Steny Hoyer confirmed the U.S. House of Representatives will vote in September on the MORE Act, which seeks to decriminalize cannabis and remove it from the Controlled Substances Act
Mayor Bill de Blasio says New York City is delaying sending students back to classrooms in the nation’s largest public school system.
China on Friday introduced export restrictions on artificial intelligence technology, including the type that TikTok uses to choose which videos to spool up to its users.
