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 Greenberg details just what happens when the individual mandate is repealed.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.
Fed Chair Jerome Powell confirmed interest rates remaining near zero and continuation of asset purchases but declined to speak to the ongoing GameStop drama.
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
Stock Swings, Climate Change & Young Tony Soprano
President Joe Biden is undertaking what would be the most ambitious effort to cut America’s oil, gas and coal emissions and stave off the worst effects of climate change.
The Doomsday Clock remains as close to midnight as it has ever been – just 100 seconds to midnight.
The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic.
New York Lt. Gov. Kathy Hochul spoke with Cheddar about why the time is right to pass marijuana legalization in light of COVID and budget shortfalls.
Rallies, celebrations, and marches all over Brooklyn on Friday to celebrate the actual end of slavery 155 years ago, took on added significance in the wake of high profile police killings of Black Americans.
In New York City, residents are lining up for the vaccine even as the distribution chain becomes strained. Cheddar's Chloe Aiello follows the reservation process and how the state will manage its supply of vaccines.
For many homeless people, in NYC, the overnight subway shutdown is leaving them with nowhere to go especially as coronavirus infections spread throughout shelters.
