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 Greenberg details just what happens when the individual mandate is repealed.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.
Conservative Supreme Court Justice Clarence Thomas took a surprising stand on cannabis.
After two months of lower than expected job gains, the June jobs data has brought some cheer to those looking for a faster economic recovery.
America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
President Joe Biden has drawn on his own experiences with grief and loss to comfort families affected by the Florida condo collapse.
Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a “sweeping and audacious” tax fraud scheme.
The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year.
The Biden administration says it is hiring more federal firefighters — and immediately raising their pay — as officials ramp up response efforts in the face of a severe drought that's setting the stage for another destructive summer of intense wildfires across the West.
The race for an exchange-traded fund (ETF) based on bitcoin is heating up despite multiple delays from federal regulators.
President Joe Biden is in Wisconsin, looking to sell voters on the economic benefits of the $973 billion infrastructure package.
Christina Radigan, chief marketing officer of the Out of Home Advertising Association of America, joined Cheddar News' Michelle Castillo to talk about its new study on consumer travel trends and the push to get people to do things outdoors.
