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.
Stocks swung solidly higher on Wall Street in afternoon trading Monday after the Federal Reserve said it would begin buying individual corporate bonds, the central bank’s latest move to prop up volatile financial markets through the economic fallout of the coronavirus pandemic.
GLAAD CEO and president, Sarah Kate Ellis, on the need for more LGBTQ support amid the groundbreaking SCOTUS decision upholding workplace civil rights law for LGBTQ Americans.
The Food and Drug Administration said Monday that the drugs hydroxychloroquine and chloroquine are unlikely to be effective in treating the coronavirus.
Driven by a rare urgency, Senate Republicans are poised to unveil an extensive package of policing changes that includes new restrictions on police chokeholds and other practices.
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.
In its semi-annual monetary policy report to Congress, the central bank said that the COVID-19 outbreak was causing “tremendous human and economic hardship across the United States and around the world.”
New York Gov. Andrew Cuomo has signed into law a sweeping package of police accountability measures that received new backing following protests of George Floyd's killing.
Connecticut Attorney General William Tong joined Cheddar to discuss the details of the investigation into the price-fixing of generic drugs.
What exactly "defund" means in practice varies depending on who you're asking, but the broader goal is simple: funnel money away from law enforcement into other public programs.
The problem of homelessness continues to get worse in Los Angeles County. The number of homeless people counted over the past year jumped nearly 13% to more than 66,000 and officials fear another spike due to the impact of the coronavirus pandemic.
