As the dust settles in Washington over the Senate tax reform, clear winners and losers are emerging. Tobie Stanger, Senior Editor at Consumer Reports, breaks down the pros and cons of this potential bill. Stanger's clear winners: Those who take the standard deduction, families with dependents, teachers of grades K-12, people with expensive medical bills, and wealthy, self-employed people. Plus, there is a clause that gives a tax break to people who own golf courses. We'll let you take a guess at who owns several courses in America...
Share:
More In Politics

Second U.S. Starbucks Store Votes to Unionize
A second Starbucks location in the U.S. has officially voted to unionize. On Monday, the National Labor Relations Board announced workers at the Starbucks store located in the Buffalo, NY suburb of Cheektowaga voted 15-9 in favor of being represented by Workers United, an affiliate of the Service Employees International Union. The New York Times reports votes were tallied in December but remained inconclusive as the union challenged the ballots of several employees it said did not work at the store. A Starbucks spokesperson has said that it may appeal the labor board's decision, which comes as several other Starbucks stores across the country are also pushing to form a union. Danka Dragic, shift supervisor for the second Starbucks store in the country to unionize, joined Cheddar News' Closing Bell to discuss.

Rep. Tom Emmer Proposes Bill To Prevent Federal Reserve Control of U.S. Digital Currency
Earlier today, Minnesota Republican Representative, Tom Emmer, introduced a bill that would prevent the Federal Reserve from issuing a central bank digital currency directly to American consumers. According to the Congressman from Minnesota, requiring Americans to open a fed account to access a digital currency, would "put the Fed on insidious path akin to China's digital authoritarianism." Rep. Tom Emmer joined Cheddar's None of The Above to discuss more.

16 Elite Universities Sued Over Collusion To Limit Financial Aid
Sixteen of the country's most prestigious universities have been hit with a lawsuit claiming those schools illegally conspired to eliminate competitive financial aid offers for students. Just some of the schools mentioned include Yale, Brown, Columbia, UPenn, and Cornell. Author of "Who Gets In and Why" and Professor of practice at Arizona State University, Jeff Selingo, joined Cheddar to discuss more.

Navient Settles Predatory Student Loan Claims for $1.85 Billion
Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.

Without Child Tax Credit Payments, Families Forced to Stretch Financial Resources
The recently expired child tax credit helped a wide swathe of families throughout the U.S. Megan Pratz looks into the impact the payments had, and how the end of the program will have a drastic effect on families that could still use the help with child care.

Supreme Court Halts COVID-19 Vaccine Rule for U.S. Businesses
The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job.

Biden to Double Free COVID Tests, Add N95s, to Fight Omicron
President Joe Biden says the government plans to double to 1 billion the rapid, at-home COVID-19 tests to be distributed free to Americans.

Queen Removes Prince Andrew's Military Roles, Patronages
Buckingham Palace says that Prince Andrew’s honorary military titles and royal patronages have been returned to Queen Elizabeth II with her “approval and agreement.”

Army Ups Bonuses for Recruits to $50K, as COVID Takes Toll
The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who sign up for six years.



