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.
As President Trump's actions are dissected since protests erupted following the killing of George Floyd at the hands of police, much has been made of how past presidents responded to civil unrest over the last century.
President Donald Trump is announcing that he has canceled segments of the Republican National Convention scheduled for Florida next month.
If the Democratic nominee Candace Valenzuela manages to pull off a win in Texas' 24th District, she will make history as the country's first Afro-Latina congresswoman.
The mayor of Portland, Oregon, was tear-gassed by the U.S. government late Wednesday as he stood at a fence guarding a federal courthouse during another night of protest against the presence of federal agents sent by President Donald Trump to quell unrest in the city.
Using alarmist language, Trump on Wednesday painted Democrat-led cities as out of control, even though criminal justice experts say the increase in violence in some cities defies easy explanation.
The poll from The Associated Press-NORC Center for Public Affairs Research finds that only about 1 in 10 Americans say daycare centers, preschools and K-12 schools should start the school year like any other.
Sorrento Therapeutics has been approved by the FDA to move forward with Phase 2 trials of its 'Abivertinib' study. ICU patients in some SoCal hospitals will undergo testing of the orally administered drug.
The U.S. says it has ordered China to close its consulate in Houston “to protect American intellectual property" and the private information of Americans.
The largest teacher's union in Florida is suing the state after Education Commissioner Richard Corcoran signed an executive order requiring schools to reopen for in-person learning in just a few weeks.
President Donald Trump sought to paint a rosier picture of the coronavirus for the nation on Tuesday but conceded the pandemic is likely to “get worse before it gets better.”
