On Tuesday the House passed the Republican Tax Plan by a 227-203 margin. Politico Tax Reporter Aaron Lorenzo explains the path forward for this legislation in the Senate, and how individuals and corporations will be impacted.
Lorenzo says he expects the GOP plan to pass the Senate, and signed by President Trump before the end of the year. The bill is a $1.5 Trillion tax cut which nearly doubles standard deduction, and cuts the corporate tax rate from 35 percent to 21 percent. Lorenzo says he expect retail to be a big winner, because they do not face a big margin.
According to a recent Gallup Poll, more than half of Americans say the proposed tax cuts would not help their families financial situation, and would not help the U.S. economy.
A judge has ordered the release of parts of a report produced by a special grand jury that investigated efforts by former President Donald Trump and his allies to overturn his narrow 2020 election loss in Georgia.
Another unidentified object was shot down over the weekend, contractors arrested in Turkey after buildings crumbled in earthquake, and arrests in Baton Rouge shooting that injured 12. Here is everything you Need2Know for Monday, February 13, 2023.
Former Vice President Mike Pence has been subpoenaed by the special counsel overseeing investigations into efforts by former President Donald Trump and his allies to overturn the results of the 2020 election.
The death toll in the Turkey Syria earthquake has passed 21,000, Minnesota Rep. Angie Craig was attacked, and shots to stop bird flu. Here is everything you Need2Know for Friday, February 10, 2023.
All Black History Month long, Cheddar News is highlighting industry trailblazers that continue to carve their own paths and set trends across a number of disciplines. Congresswoman Ayanna Pressley joined to discuss.
Stories of survivors emerge from Turkey and Syria earthquake, new allegations against officers who killed Tyre Nichols, and Texas sues over abortion bill guidance. Here is everything you Need2Know for Thursday, February 9, 2023.
