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 Greenberg details just what happens when the individual mandate is repealed.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.
As more and more states end mask mandates and ease other COVID restrictions, discussions about the endemic phase of the pandemic have been growing. For weeks, scientists have warned about how contagious the omicron variant is, but now it seems the tone has shifted and governors are rolling back policies they've had in place for months. Dr. Eric Feigl-Ding, epidemiologist and senior fellow at the Federation of American Scientists, joined Cheddar's Opening Bell to discuss what the next phase of the pandemic might look like, how to act now that mask mandates are ending, and if we should be worried about another variant emerging.
Jeff Powell, Managing Partner and Chief Investment Officer at Polaris Wealth Advisory Group, joins Cheddar News' Closing Bell, where he says the market was looking for - and received - a little bit of relief when it came to the geopolitical conflict between Russia and Ukraine.
Ukrainians defied pressure from Moscow with a national show of flag-waving unity Wednesday, while the West warned that it saw no sign of a promised pullback of Russian troops.
The families of nine victims of the Sandy Hook Elementary School have agreed to a $73 million settlement of a lawsuit against the maker of the rifle used to kill 20 first-graders and six educators in 2012.
Russian President Vladimir Putin says that he welcomes a security dialogue with the West as his military reported pulling back some of its troops near Ukraine.
As we celebrate Black History Month, Cheddar is highlighting prominent Black Americans who are carving their own historic paths and trailblazing in their fields. Today we feature poet and activist Amanda Gorman.
Canadian Prime Minister Justin Trudeau invoked emergency powers Monday to quell the protests by truck drivers and others who have paralyzed Ottawa and blocked border crossings in anger over the country’s COVID-19 restrictions.
