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 Greenberg details just what happens when the individual mandate is repealed.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 Senate has voted to begin debating a $1.9 trillion COVID-19 relief bill.
The impact of Texas' governor repealing many of the state’s COVID-19 restrictions is beginning to take shape.
The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.
A somber New York Gov. Andrew Cuomo is apologizing following sexual harassment allegations against him.
Rep. Kat Cammack (R-Fla. 3rd District), spoke to Cheddar regarding her concerns about spending priorities and the price tag of the latest COVID relief bill being put forth by Democrats.
Former Department of Homeland Security acting secretary under Trump, Chad Wolf, talked to Cheddar about domestic terrorism, border control, and cybersecurity.
Mario Schlosser, CEO and co-founder of Oscar Health, spoke to Cheddar about the future of healthcare and insurance in the United States after the company went public.
A Democratic official says President Joe Biden and Senate Democrats have agreed to tighten the upper-income limits at which people could qualify for stimulus checks in the party's $1.9 trillion coronavirus relief bill.
President Joe Biden says the U.S. expects to take delivery of enough coronavirus vaccines for all adult Americans by the end of May, two months earlier than anticipated.
State Representative Marcus C. Evans, Jr. from Chicago filed amendments to an Illinois bill that would further ban games considered to be too violent from reaching the hands of minors.
