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.
Classified documents were found at former Vice President Mike Pence's Indiana home.
New estimates show more than $60 billion in fraudulent unemployment benefits were paid out during the pandemic, according to a government watchdog.
The Bulletin of Atomic Scientists says the world is closer to Armageddon than it has ever been.
U.S. officials say the U.S. is poised to approve sending M1 Abrams tanks to Ukraine, as international reluctance to send tanks to the battlefront against the Russians appeared to begin eroding.
Classified documents were found in former Vice President Mike Pence's Indiana home.
President Joe Biden is again calling for gun safety legislation in the wake of several mass shootings.
The Senate Judiciary Committee on Tuesday held a hearing looking into entertainment giant Live Nation's role in the botched pre-sales process for Taylor Swift's Eras tour.
Documents with classified markings were discovered in former Vice President Mike Pence's Indiana home last week, his lawyer told the National Archives in a letter — the latest in a string of discoveries of confidential information in private residences.
A second mass shooting in California, four Oath Keepers found guilty of seditious conspiracy, and Poland pushes for more tanks for Ukraine. Here is everything you Need2Know for Tuesday, January 24, 2023.
Rachel O’Leary Carmona, the executive director of the Women's March, joined Cheddar News to discuss the current state of abortion care in the United States.
