Jon Greenberg, staff writer for Politifact, breaks down some of the rhetoric from the left and the right around the GOP tax reform bill.
Chris Ruddy of Newsmax claimed that the GOP bill would bring in $3 trillion of offshore funds back into the economy from large U.S. corporations receiving a tax cut overseas. But just how true is this? Politifact has rated the statement half true. Greenberg notes that while corporations are receiving a reduction in overseas taxes, 45% of the $3 trillion made overseas is already in the U.S.
Greenberg also weighs in on House Minority Leader Nancy Pelosi's statement that the GOP bill would "sabotage" the healthcare of 13 million Americans. Greenberg details just what happens when the individual mandate is repealed. He explains that the repeal of the individual mandate will cause healthy people to leave the marketplace, which will cause costs to go up for those that are sick. That means some of those people won't be able to afford health insurance anymore. Politifact's overall rating of Pelosi's statement: half true.
Buying a new home is tough right now; but for first-time buyers, it's an especially challenging time, with obstacles like rising mortgage rates and record-breaking home prices. The housing market is not expected to get much friendlier, as mortgage rates are expected to continue to climb as the Federal Reserve proceeds with its plans for rate hikes in an effort to stifle inflation. Jonathan Miller, President and CEO of real estate appraiser Miller Samuel, joins Cheddar News' Closing Bell to discuss.
Tyler Moran, former senior adviser to President Biden on migration, joins Cheddar Politics to discuss the recent controversy around the administration's decision to end the use of Title 42, a public health order allowing the U.S. to expel migrants without going through the asylum process.
Christian Heyne, vice president of policy at the gun safety group Brady, joins Cheddar Politics to discuss President Biden's executive action on so-called "ghost guns," and to reflect on the Brooklyn subway shooting.
Jasmine Burney-Clark, founder of Equal Ground Education Fund and Action Fund, joins Cheddar Politics to discuss the redistricting process in Florida, and how the state's Republican Gov. Ron DeSantis proposed a map reducing the power of Black Floridians.
Ryan Thoreson, an LGBT rights researcher at Human Rights Watch, joins Cheddar Politics to discuss claims of grooming made by Republican politicians during efforts to pass so-called 'Don't Say Gay' bills.
Zachary Petrizzo, media reporter at The Daily Beast, joins Cheddar Politics to discuss former President Trump's endorsement of Dr. Oz in the U.S. Senate race in Pennsylvania, and why some parts of the MAGA base are unhappy about it.
Larry Sharpe, libertarian candidate for New York governor, joins Cheddar Politics to talk about the issues motivating his campaign. The discusses his endorsement from the progressive Forward party founded by former presidential candidate Andrew Yang, and changes that can be made to voting systems.
Cheddar Politics breaks down the seismic shift in White House rhetoric surrounding Russia's war on Ukraine. President Biden began calling the alleged war crimes committed by Russian soldiers in the Kyiv region "genocide." Foreign policy and national security analyst A. Ari Aramesh joins Cheddar News to discuss what constitutes genocide and whether the developments in Ukraine qualify.
