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.
President Trump took to Twitter to threaten lengthy prison sentences for anyone caught vandalizing federal monuments.
Phase two of reopening in the Garden State kicked off last week and restaurants in Hoboken were quick to take full advantage.
Camden, N.J., which disbanded and instituted a county-wide police force in 2013, has become an example for some reform activists in the wake of the George Floyd protests, but locals have a complicated view of what happened in the South Jersey city over the last seven years.
The government’s top infectious disease expert has told a House committee he believes "it will be when and not if" there will be a COVID-19 vaccine.
Cheddar's Need2Know Podcast for Tues., June 23, 2020.
On Monday, every driver and their crews joined Bubba Wallace in a show of solidarity before the race that was postponed a day by rain.
Alarming surges in coronavirus cases across the South and West are raising fears that the outbreak is spiraling out of control.
Cheddar's Need2Know Podcast for Mon., June 22, 2020.
Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopening just a few weeks ago.
Also called Emancipation Day, or Juneteenth Independence Day, Juneteenth is a holiday commemorating the end of slavery in the United States But this second independence day is not a national holiday and most Americans have never even heard of it. Years of systematic racism, segregation, and the oppression of Black Americans have diminished and stamped out efforts to make what should undoubtedly be an American National Holiday.
