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.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Federal agents in green camouflage uniforms have been taking into custody people in the streets of Portland, not close to federal property that they were sent to protect.
Justice Ruth Bader Ginsburg says she is receiving chemotherapy for a recurrence of cancer, but has no plans to retire from the Supreme Court.
SEIU President Mary Kay Henry talked to Cheddar about how the Strike for Black Lives will fight for the causes of racial and economic justice simultaneously.
Teams of military medics were deployed in Texas and California to help hospitals deluged by coronavirus patients. Miami area authorities, meanwhile, began stepping up enforcement Friday of a mask requirement.
The ruse discovered Wednesday included bogus tweets from Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires.
Target and CVS Health have joined the list of the nation’s largest retailers that will require customers to wear masks as cases of COVID-19 spike.
The politicization of school reopenings by Trump has scared off teachers who before were "overwhelmingly" in support of heading back in the fall, Randi Weingarten told Cheddar.
Jamaal Bowman appeared to topple Rep. Eliot Engel, a 16-term incumbent, for the Democratic nomination in the 16th Congressional district, though Engel is now suing to challenge the validity of mail-in ballots.
Mayor Muriel Bowser weighs in on the Washington Redskins name change after the organization faced opposition from sponsors and advertisers.
