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.
Super Bowl MVP Patrick Mahomes is among more than a dozen NFL stars who united to send a passionate video message to the league about racial inequality.
Wall Street paused on Thursday, and the S&P 500 fell 0.3% for its first loss in five days.
The mural of George Floyd projected above his golden coffin, where mourners knelt and cried, paused and prayed at his memorial service had a simple message: “I can breathe now.”
Virginia's governor says a towering statue of Confederate Gen. Robert E. Lee will be removed as soon as possible from Richmond’s Monument Avenue.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Loralei HoJay, a law student who started a petition on Change.org seeking justice for Breonna Taylor, talked to Cheddar on Wednesday. Taylor, a black woman, was killed by police when they affected a no-knock raid on her home by mistake.
Chinese regulators said Thursday more foreign airlines will be allowed to fly to China as anti-coronavirus controls ease, but it was unclear whether the change will defuse a fresh conflict with the Trump administration over air travel.
The three other police officers on the scene when a Minneapolis officer pressed his knee on George Floyd’s neck have been charged with aiding and abetting a murder.
Virginia Gov. Ralph Northam is expected to announce plans Thursday for the removal of an iconic statue of Confederate Gen. Robert E. Lee from Richmond’s prominent Monument Avenue.
Alphonso David, president of the Human Rights Campaign discussed the need to address the oppression of both LGBTQ and black communities simultaneously.
