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...
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.
Dr. Anthony Fauci has told lawmakers that once a coronavirus vaccine is approved as safe and effective, Americans should have widespread access within a reasonable time.
President Trump has rolled back and an Obama-era fair housing policy, allowing developers to bypass building affordable housing in suburban neighborhoods. David Sanchez, director of research & development at National Community Stabilization Trust, assesses the move as a rallying call to Trump's base ahead of the November election.
John Lewis was celebrated as an American hero during his funeral as former President Barack Obama and others called on people to follow Lewis’ example and take action in the face of injustice.
Statues commemorating the Confederacy are being torn down across America as a result of racial unrest following the murder of George Floyd in Minneapolis. But the largest monument in the country has been left out of the conversation: Stone Mountain monument in Georgia. The 42-foot-deep, 76-by-158 foot carving of Confederate President Jefferson Davis, and Generals Robert E. Lee and Stonewall Jackson sits on the face of the world’s largest piece of exposed granite. Removing it could require bitter political debate and a year-long demolition. But for most, the racist history it represents is too hard to ignore.
Unemployment claims rise for the second week as states reverse course on reopenings amid spikes in coronavirus cases. Tyler Goodspeed, acting chairmain of White House council of economic advisers, talks current standing of the economy.
Former GOP presidential candidate Herman Cain has died after battling the coronavirus. He was 74.
President Donald Trump is for the first time floating a “delay” to the Nov. 3 presidential election, as he makes unsubstantiated allegations that increased mail-in voting will result in fraud.
Four Big Tech CEOs are fending off accusations of stifling competition in front of a congressional panel that is investigating market dominance in the industry.
Cheddar takes a look at some key differences between proposals by Republicans and Democrats on the next phase of economic stimulus amid the pandemic crisis.
