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 Joe Biden and Vice President Kamala Harris will observe Monday's 60th anniversary of the March on Washington by meeting with organizers of the 1963 gathering and relatives of the Rev. Martin Luther King Jr., who delivered his “I Have a Dream” speech at the Lincoln Memorial.
A special session in the Tennessee Senate ended abruptly on Thursday without any action on gun control.
New York Gov. Kathy Hochul asked President Joe Biden to help the state absorb a surge of migrants.
The Pentagon said it will train Ukrainian pilots to fly F-16 fighter jets for its war against Russia.
Vice President Kamala Harris will visit Wisconsin to tout the Biden administration's broadband and affordable connectivity policies.
The Biden administration approved a $500 million weapons sale to Taiwan.
A pre-trial detention was extended for The Wall Street Journal journalist Evan Gershkovich until Nov. 30 by Moscow.
Eight Republican presidential candidates took to the stage on Wednesday in Milwaukee for the first Republican primary debate of the 2024 election season.
The bodies of Russian mercenary chief Yevgeny Prigozhin and some of his top lieutenants killed in a Russian jet crash on Wednesday were sent to a nearby facility for medical and forensic analysis, according to Russian media.
Political strategist Jonathan Harris breaks down the highlights from Wednesday's first Republican presidential primary debate and how Former President Donald Trump's absence affected the event.
