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 Donald Trump is escalating his war on social media companies, preparing to sign an executive order Thursday challenging the liability protections that have served as a bedrock for unfettered speech on the internet.
Michigan Secretary of State Jocelyn Benson pushed back against President Trump's attacks on mail-in voting, which have continued for days, leading Twitter to put up its first fact checks on the president's account.
The House has passed an overwhelmingly bipartisan measure to modify a new “paycheck protection” program for businesses that have suffered COVID-related losses.
The government figures underscore the continuing damage to businesses and livelihoods from the outbreak that has now killed at least 100,000 people in the U.S.
President Donald Trump is threatening social media companies with new regulation or even closure after Twitter added fact checks to two of his tweets.
Only about half of Americans say they would get a COVID-19 vaccine if the scientists working furiously to create one succeed.
A U.S. appeals court has ruled against major oil companies in lawsuits brought by California cities and counties seeking damages for climate change.
While much of the U.S. remains shuttered, state and local leaders in waterfront communities are beginning to allow beaches, boardwalks, and coastal businesses to open on a limited basis.
Georgia Gov. Brian Kemp is lobbying for the Republican National Convention to be moved to his state, a day after President Donald Trump demanded assurances from North Carolina’s Democratic governor that the convention can go forward in August despite coronavirus fears.
The trading floor of the New York Stock Exchange is reopening for the first time in two months, but it doesn't look — or sound — the same.
