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 Greenberg details just what happens when the individual mandate is repealed.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.
With COVID cases rising in many places, governments are facing the dilemma to push on with a vaccine that is known to save lives or suspend use of AstraZeneca over reports of dangerous blood clots in a few recipients.
The police break up of a weekend vigil for a young murder victim abducted in London has touched off a national debate in Britain.
As a worldwide semiconductor shortage hammers American industries, trade groups are reaching out to the Biden administration with pleas to boost production in the U.S.
Microsoft President Brad Smith will testify before a House Judiciary subcommittee on Friday.
The Vatican has decreed that the Catholic Church won't bless same-sex unions, saying that God “cannot bless sin.”
More than a dozen congressional Democrats from New York, as well as both senators, put out statements in what appeared to be a coordinated release Friday morning, calling on the state’s governor, Andrew Cuomo, to resign.
What is up next for the Biden administration now that it has clocked its first major legislative win? This is your Washington Week Ahead.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Four former presidents are urging Americans to get vaccinated as soon as COVID-19 doses are available to them, as part of a campaign to overcome hesitancy for the shots.
You can’t separate classic New York City architecture from the fire escape. They’re all over.
