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.
Cheddar's J.D. Durkin goes into why he believes leaving former candidate and businessman Andrew Yang isn't a good look for the DNC.
Young people across the world are uniting, calling on policymakers to adress the climate crisis. 15-year-old Alexandria Villasenor, founder of Earth Uprising, talks launching the movement and an upcoming partnership with GAP Kids on a virtual rally, encouraging the youth to make their voices heard about issues they want fixed.
Israel and the United Arab Emirates say they are establishing full diplomatic relations in a U.S.-brokered deal that required Israel to halt its contentious plan to annex occupied West Bank land sought by the Palestinians.
President Donald Trump says he opposes additional funding for the U.S. Postal Service, acknowledging that his position would starve the agency of money Democrats say it needs to process an anticipated surge in mail-in ballots during the coronavirus pandemic.
Paige Hill, surrogate director of communications for the Biden campaign, says the vice presidential shortlist includes a number of highly qualified women.
Joe Biden introduced his newly chosen running mate Kamala Harris on Wednesday, with the former vice president and California senator appearing for the first time together as the Democratic presidential ticket.
Joe Biden named California Sen. Kamala Harris as his running mate on Tuesday.
New Zealand's prime minister says authorities have found four cases of the coronavirus in one Auckland household from an unknown source, the first cases of local transmission in the country in 102 days.
Lebanon’s Prime Minister Hassan Diab says he is stepping down in the wake of the catastrophic explosion in Beirut last week that triggered public fury and mass protests.
U.S. employers advertised more jobs in June compared with May, but overall hiring fell, painting a mixed picture of the job market.
