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 Greenberg details just what happens when the individual mandate is repealed.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.
Catching you up on what you need to know on April 27, 2022, with Tesla stocks absorbing an initial hit following Elon Musk's purchase of Twitter, Russia pausing its natural gas supplies to Poland and Bulgaria, NASA's SpaceX Crew-4 mission taking off, and more.
Russia and the United States have exchanged prisoners. Russia released a Marine veteran jailed in Moscow while the U.S. released a convicted Russian drug trafficker serving a prison sentence in Connecticut.
President Biden wants to repeal a Trump-era policy called Title 42, which makes it harder for migrants to seek asylum. A federal judge has temporarily blocked the administration from letting this happen. Cheddar News is joined by Maria Pabon, Dean Brian Bromberger Distinguished Professor of Law at Loyola University, to discuss.
Politico's Defense Reporter Paul McLeary joined Cheddar News' Closing Bell to discuss the significance of cabinet members Secretary of State Antony Blinken and Defense Secretary Lloyd Austin's recent trip to Ukraine, and to break down how the U.S. is furthering its support for the besieged nation as Russian aggression intensifies.
Vice President Kamala Harris tested positive for COVID-19 on Tuesday, the White House announced. That's underscoring the persistence of the highly contagious virus even as the U.S. eases restrictions in a bid to revert to pre-pandemic normalcy.
Catching you up on what you need to know on April 26, 2022, with Elon Musk’s purchase of Twitter for $44 billion, Russia warning of a possible threat of World War III, the FDA approving a COVID treatment for children under 12, and more.
The Supreme Court is taking on the case of Joseph Kennedy, who was fired from his job as Bremerton High School assistant coach in Washington for his post-match prayers that were joined by students. Rachel Laser, President and CEO of Americans United for Separation of Church and State, joins Cheddar News to explain the possible implications of a ruling.
Student loans are affecting about 46 million Americans across the country, adding up to nearly $1.7 trillion of debt total. President Biden has announced a handful of actions designed to bring millions of borrowers a step closer to debt forgiveness. Katie Lobosco, writer for CNN Politics, joins Cheddar News to discuss.
