Christmas Comes Early for the GOP: Tax Reform Passes
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.
Eighty-five-year-old Yocheved Lifshitz spoke of a “hell that we never knew before and never thought we would experience” as she described the harrowing Oct. 7 assault on her kibbutz by Hamas militants and the terror of being taken hostage into the Gaza Strip.
Jenna Ellis, an attorney and prominent conservative media figure, reached a deal with prosecutors Tuesday and pleaded guilty to a reduced charge over efforts to overturn Donald Trump’s 2020 election loss in Georgia.
U.S. Sen. Bob Menendez returns to court Monday to enter an expected not guilty plea to a conspiracy charge alleging he acted as an agent of the Egyptian government when he chaired the Senate Foreign Relations Committee.
Hamas militants on Friday freed two Americans -- a mother and her teenage daughter who had been held hostage in Gaza since militants rampaged through Israel two weeks ago, the Israeli government said.
A Texas judge has ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying more than $1.1 billion to families who sued over his conspiracy theories that the Sandy Hook school massacre was a hoax.
