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 Greenberg details just what happens when the individual mandate is repealed.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.
Authorities say two Ecuadoran children were abandoned by smugglers after being dropped over a 14-foot-high barrier along the U.S.-Mexico border Tuesday evening.
The still-elevated number of unemployment claims shows that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.
With President Biden unveiling a $2.9 trillion infrastructure plan, the old gas tax formula may not be able to serve as a matching revenue source, especially with the consistent drumbeat of growing the electric vehicle market.
The Minneapolis officer who put his knee on George Floyd's neck defended himself to a bystander afterward by saying Floyd was “a sizable guy” and “probably on something."
The Biden administration for the first time has allowed journalists inside its main border detention facility for migrant children.
Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its virtual reality headsets.
President Joe Biden wants $2.3 trillion to reengineer America’s infrastructure and expects the nation’s corporations to pay for it.
Andrew Williamson, vice president of global government affairs and economic adviser for Huawei, spoke to Cheddar about the Chinese telecom company's lack of communication with President Biden regarding ongoing trade tensions with the U.S.
As Cheddar celebrates phenomenal women during the month of March, we're taking a second to highlight a few trailblazers who have helped shape the world we live in.
It's official: Lawmakers and Gov. Cuomo have made New York the 15th state to legalize marijuana for recreational use.
