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.
Handling successive protests has required a careful balancing act for Gretchen Whitmer, Democratic governor of Michigan.
Hundreds of mourners packed a Houston church Tuesday for the funeral of George Floyd, the black man whose death has inspired a worldwide reckoning over racial injustice.
IBM says it is getting out of the facial recognition business over concern about how it can be used for mass surveillance and racial profiling.
Janee Harteau, former Minneapolis police chief, talks disbanding police dept in Minneapolis and how we can effectively reform policing in the U.S.
Stocks scrambled even higher Monday on Wall Street's enthusiasm about the reopening economy, and the Nasdaq composite set a record.
Democrats in Congress are proposing a far-reaching overhaul of America's police procedures and accountability.
After three gloomy months and 21,000 deaths that made it the nation's most lethal hot spot, New York City slowly began reopening Monday in the biggest test yet of Americans' ability to keep the coronavirus in check.
The U.S. economy entered a recession in February, a group of economists declared Monday, ending more than a decade of steady if slow growth.
Dr. Patrice Harris, speaking to Cheddar the day after her tenure at the American Medical Association ended, leaves the nation’s largest association of physicians at a time of remarkable upheaval for the medical community.
Cheddar followed the ongoing demonstrations in New York City on Thursday as protesters vowed to continue pushing back against police brutality and systemic racism.
