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.
U.S. health officials have sparked a wave of confusion after posting guidelines that coronavirus testing is not necessary for people who have been in close contact with infected people.
First lady Melania Trump portrayed her husband as an authentic, uncompromising leader in a Rose Garden address as President Donald Trump turned to family, farmers and the trappings of the presidency to boost his reelection chances on the second night of the scaled-down Republican National Convention.
A new poll from The Associated Press-NORC Center for Public Affairs Research finds 45% of Americans say they are setting aside more money than usual during the coronavirus pandemic.
A rising generation of Republican stars offered an optimistic view of President Donald Trump's leadership but was undermined on the opening night of the GOP's scaled-back convention by speakers issuing dark warnings about the country's future and distorting the president's record, particularly on the coronavirus pandemic.
President Donald Trump has turned a surprise opening-day appearance at his party’s scaled-down national political convention into an opportunity to cast doubt on the integrity of the fall election.
Video app TikTok is waging a legal fight against the Trump Administration’s efforts to ban the popular, Chinese-owned service over national-security concerns.
Postmaster General Louis DeJoy told lawmakers Monday that he has warned allies of President Donald Trump that the president’s repeated attacks on mail-in ballots are “not helpful,” but denied that recent changes at the Postal Service are linked to the November elections.
Cheddar has learned exclusively that Grammy-nominated musician and crypto entrepreneur Akon is endorsing bitcoin billionaire Brock Pierce for President of the United States, and will serve as chief strategist for Pierce 2020.
The room is set and delegates begin to arrive for the first day of the Republican National Convention, Monday, Aug. 24, 2020, in Charlotte, N.C. (AP Photo/Chris Carlson)
Former South Carolina Rep. Trey Gowdy talks Washington's inability to strike a second stimulus deal and the lack of communication between parties.
