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 Greenberg details just what happens when the individual mandate is repealed.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.
The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market.
Senator Tina Smith (D-Minn.) joined Cheddar to express hope that some of her GOP counterparts join in a bipartisan effort to reform policing in the United States.
President Joe Biden has announced new employer tax credits and other steps to encourage people reluctant to be inoculated to get the COVID-19 vaccine.
President Joe Biden will pledge to cut U.S. greenhouse gas emissions at least in half by 2030 as he convenes a virtual climate summit with 40 world leaders.
A judge overseeing a sweeping lawsuit about homelessness in Los Angeles has ordered the city and county to find shelter for all unhoused residents of Skid Row within 180 days.
After three weeks of testimony, the trial of the former police officer charged with killing George Floyd ended swiftly.
Body camera video shows a Columbus officer fatally shoot a Black teenage girl who swung at two other people with a knife.
As vaccine efforts roll out across the U.S., in-person events are slowly resuming, but many cannabis companies have chosen to host their events online or throw hybrid in-person and virtual events.
A fiery crash near Houston with no one behind the wheel of a Tesla is drawing scrutiny from federal agencies that could bring new regulation of electronic systems that take on some driving tasks.
Despite a measurable impact that the COVID-19 pandemic made on carbon emissions throughout 2020, researchers are warning that to hold back climate change, nations need to keep pushing for reductions.
