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 Greenberg details just what happens when the individual mandate is repealed.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.
Social Security and Medicare, the government’s two biggest benefit programs, remain under intense financial pressure with the retirement of millions of baby boomers and a devastating pandemic putting increased pressures on the two programs’ finances.
The speed limit for most of Paris is now 30 kilometers per hour (less than 19 miles per hour). The new rule takes effect Monday almost everywhere in the city except for a few wide avenues like the Champs-Elysees and the bypass circling the capital.
Cheddar's Chloe Aiello reports on Queens residents who mostly are voicing support for keeping the Open Streets program in New York City even after the pandemic.
Brazil, the country with the most freshwater resources in the world, has lost 15% of its surface water over the last three decades.
Addressing the nation, President Joe Biden is defending the way the U.S. ended its 20-year “forever war” in Afghanistan.
In his opening remarks for the Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell signaled that the central bank could begin tapering its $120 billion in monthly asset purchases this year.
California Governor Gavin Newsom is facing a recall election in about two weeks. Newsom was elected governor in 2018 with nearly 62% of the vote after working as lieutenant governor for eight years. However, his popularity took a hit after his handling of Covid-19 pandemic, although the White House is refusing to cite this as the direct reason for the September 14th recall election. There are 46 candidates running to be Newsom's replacement, and some are saying that California could end up electing a republican governor.
Jeremy White, California politics reporter and co-writer of daily California Playbook Newsletter at Politico, joined Cheddar Politics to discuss more about the election and its possible outcomes.
President Joe Biden says the United States will complete it's evacuation of Americans and others from Kabul, despite the attack that killed 12 U.S. service members and many Afghan civilians.
Crypto-enthusiasts are taking to social media to urge regular Afghans to adopt bitcoin in the face of considerable economic uncertainty.
The U.S. economy grew at a 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession.
