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.
Democratic Kentucky Gov. Andy Beshear and Republican Mississippi Gov. Tate Reeves won reelection on Tuesday, while Ohio voters approved a constitutional amendment guaranteeing the right to an abortion and other forms of reproductive health care. In Virginia, Democrats swept legislative elections in a blow to GOP Gov. Glenn Youngkin.
The House has voted to censure Democratic Rep. Rashida Tlaib of Michigan for her rhetoric about the Israel-Hamas war.
Voters around the U.S. are heading to the polls for elections with Ohio having abortion on the ballot.
A Jewish man in California has died after a confrontation during dueling protests over the Israel-Hamas war, and police said Tuesday they had identified a suspect who called 911 after the altercation.
More than 40% of American adults are considered obese, yet the medications many take are rarely tested in bigger bodies.
The U.S. attorney leading the Hunter Biden investigation appeared before Congress Tuesday.
The Supreme Court is hearing arguments in a case revolving around Second Amendment rights. The Biden administration is appealing a ruling that struck down a federal law that bans a person subject to a domestic violence protective order from possessing a firearm.
The Air Force is asking Congress to restrict further construction of the towering wind turbines that have edged closer to its nuclear missile sites in Montana, Wyoming, North Dakota, Nebraska and Colorado.
Voters around the U.S. are heading to the polls Tuesday and some races could have major implications for how things turn out in the presidential election next year.
Donald Trump's former chief of staff, Mark Meadows, is being sued by his book publisher for breach of contract.
