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 Greenberg details just what happens when the individual mandate is repealed.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.
In the 1920s, an army of real estate boosters set out to redefine Florida from an economic backwater to a ritzy vacation destination, sparking a land boom — and bust — the likes of which America had never seen before.
President Joe Biden is meeting with the House Democratic committee chairs who aim to put his $1.9 trillion coronavirus relief package on a fast track to becoming law.
Nate Boutte, pharmacy manager for Walgreens, talked about the readiness of the pharmacy chain in getting COVID vaccines out in the White House's new distribution plan.
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.
The IRS is offering eligible taxpayers who did not receive their full federal stimulus checks a chance to claim a Recovery Rebate Credit on their 2020 tax return.
Rep. Al Green (D-Texas 9th District), spoke with Cheddar about the possibility of raising the federal minimum wage as part of the current COVID relief package.
Rep. Brenda Lawrence (D-Mich. 14th. District) said that Trump must be held accountable for his possible role in egging on supporters to invade the Capitol Building on January 6.
Rep. Sara Jacobs (D-Calif. 53rd District) spoke to Cheddar about how those accused of provoking the January 6 attack on Capitol Hill, such as Rep. Greene and former President Trump, need to be held accountable.
Smartmatic is suing Fox News, three of its top hosts, Rudy Giuliani and Sidney Powell for $2.7 billion, charging that the defendants conspired to spread false claims it helped steal the presidential election from Trump.
The number of Americans seeking unemployment benefits fell to 779,000 last week, a historically high total that shows that a sizable number of people are still losing jobs to the viral pandemic.
