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 Greenberg details just what happens when the individual mandate is repealed.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.
President Joe Biden toured a state-of-the-art coronavirus vaccine plant Friday as extreme winter weather across broad swaths of the U.S. handed his vaccination campaign its first major setback.
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.
New York State Assembly Majority Leader Crystal Peoples-Stokes believes 2021 is the year that the Empire State will get marijuana legalization done.
Cheddar has pulled together a rough timeline of the GameStop tale, from its inauspicious beginnings to becoming one of the biggest stories out of Wall Street since the crash of the housing market.
The UK Supreme Court has ruled that Uber drivers should be classed as “workers” and not self-employed.
Power was restored to more homes and businesses in Texas after a deadly blast of winter this week overwhelmed the electrical grid and left millions shivering in the cold.
Cheddar looks at the players in the GameStop stock saga taking part in the House Committee on Financial Services hearing.
The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections.
Anger over Texas' power grid failing in the face of a record winter freeze is mounting. Nearly 3 million customers in the energy capital of the U.S. woke up Wednesday still without power.
Cheddar Climate is highlighting the automotive industry and the steps its leaders are taking to reduce carbon emissions.
