Articles by USNN World News

Opinion

Trump could take down Schumer and Pelosi with this Reagan tactic

by USNN World NewsAugust 7, 2020October 8, 2024

Economy

GOP senators pitch extending extra unemployment aid through end of year

by USNN World NewsAugust 6, 2020August 6, 2020

National News

NRA fights back, files its own suit against NY attorney general seeking to disband organization

by USNN World NewsAugust 6, 2020August 6, 2020

Economy

Capital One slapped with $80M fine for 2019 data hack

by USNN World NewsAugust 6, 2020August 6, 2020

Opinion

Sean Hannity: How Deep State works hand-in-hand with Democrats to attack Trump

by USNN World NewsAugust 6, 2020August 6, 2020

World

Beirut explosion linked to Russian ship storing ammonium nitrate left in port, called ‘floating bomb’

by USNN World NewsAugust 6, 2020August 6, 2020

Supreme Court

Pence rips Chief Justice Roberts in interview, calls him ‘disappointment to conservatives’

by USNN World NewsAugust 6, 2020August 6, 2020

National News

Washington Post issues major correction after botching Trump-Twitter post

by USNN World NewsAugust 6, 2020August 6, 2020

National News

Cities go to extremes with quarantine crackdowns: Checkpoints, power shutoffs, steep fines

by USNN World NewsAugust 6, 2020August 6, 2020

Republicans and Democrats are trying to find a middle ground on several provisions in order to pass another coronavirus stimulus package, including whether to repeal a $10,000 cap on state and local tax deductions. Senate Minority Leader Chuck Schumer, D-N.Y., unveiled a proposal in mid-July along with Congressman Tom Suozzi, D-N.Y., to fully restore the deduction in the next relief package. However, Republicans have traditionally opposed repealing the cap – which was implemented as part of the 2017 Tax Cuts and Jobs Act – arguing that it primarily favors wealthy individuals in high-tax states, which have been accused of budget mismanagement prior to the pandemic. SALT CAP REPEAL THE 'SINGLE BEST' ACTION TO HELP NEW YORK, CUOMO SAYS Earlier this week, Senate Majority Leader Mitch McConnell blamed Democrats for holding up the package over “’an unrelated tax cut for rich people.” The Kentucky Republican made similar comments at the end of July. Schumer has maintained that the bill needs to support state and local governments. CORONAVIRUS HIT HIGH-TAX STATES RENEW SALT CAP REPEAL EFFORTS While the Republican-sponsored HEALS Act does not adjust the measure, House Democrats approved a stimulus proposal in May that called for reinstating the SALT deduction for 2020 and 2021. Repealing the cap could be helpful in high-tax states as they consider how to return to business as usual once the coronavirus crisis subsides. It has caused an exodus from these higher-tax states, which has, in turn, resulted in a loss of state tax revenues. “We need to bring our federal dollars back home and cushion the blow this virus –and this harmful SALT cap--has dealt so many homeowners and families locally,” Schumer said in a statement. Suozzi added that families would leave New York without the measure. The White House has repeatedly pushed back at efforts to overturn the provision for years. A legal challenge that was launched by New York, New Jersey, Connecticut and Maryland is making its way through the courts. CLICK HERE TO READ MORE ON FOX BUSINESS A handful of local officials have been outspoken about repealing the provision, including New York Gov. Andrew Cuomo, who is trying to get Manhattan’s wealthiest taxpayers to return to the city. Cuomo said in May that repealing the cap would be the “single best piece of action” to help the state, claiming it costs New York state about $29 billion per year. New Jersey Gov. Phil Murphy also said undoing the cap would be a form of “main street stimulus.”

Economy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

by USNN World NewsAugust 5, 2020August 5, 2020

Economy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

by USNN World NewsAugust 5, 2020August 19, 2024

National News

Pelosi blasts Trump for saying he may deliver convention speech from White House: ‘He can’t do that’

by USNN World NewsAugust 5, 2020August 5, 2020

NATIONAL NEWS

Trump announces travel ban from Europe amid growing fears of coronavirus

By Vandana Rambaran | Fox News President Trump announced Wednesday that he will be suspending all travel from Europe to the U.S. for 30 days starting Friday ...

Democracy 2020 Digest: Bernie sets terms for possible future exit, even as he stays put

By Paul Steinhauser | Fox News Sen. Bernie Sanders vowed on Wednesday to stay in the Democratic presidential nomination race, emphasizing that “on Sunday I very much look forward ...

Michigan officials say complete primary results won’t be released until Wednesday afternoon

By Paul Steinhauser, Andrew Craft | Fox News Full primary results from Michigan – the biggest prize of the six states holding primaries Tuesday – won’t be tabulated, at the ...

Biden projected to win Mississippi and Missouri primaries, with polls in pivotal Michigan closing soon

By Gregg Re | Fox News Joe Biden will easily win the primary contests in Mississippi and Missouri, Fox News projects, building on the former vice president’s ...

March 10 primaries: Here are the states voting, and the delegates at stake

By Tyler Olson | Fox News Democratic primary voters will go to the polls for the first time since Super Tuesday on Tuesday, March 10, in six states. Those voters will ...

Rep. Matt Gaetz slept in Walmart parking lot overnight, confirms he tested negative for coronavirus

By Vandana Rambaran | Fox News Rep. Matt Gaetz, R-Fla., said Tuesday that he tested negative for coronavirus, just one day after going into self-quarantine after he learned he and ...

Hunter Biden cites coronavirus, wife’s pregnancy to avoid deposition until after Election Day

By Gregg Re | Fox News Hunter Biden’s attorneys have abruptly asked the Arkansas judge in his ongoing paternity case to postpone his scheduled March 11 deposition until ...

Dow adds 1,167 points as Trump talks economic initiatives

By Jonathan Garber FOXBusiness U.S. equity markets ebbed and flowed on Tuesday before breaking away with the Dow Jones Industrial Average adding over 1,167 points clawing back ...

Sanders fights for another Rust Belt upset to regain momentum against Biden

By Paul Steinhauser | Fox News Underscoring what’s at stake for his White House bid when Michigan and five other states hold Democratic presidential nomination contests on Tuesday, Sen. ...

Mark Meadows, Trump’s incoming chief of staff, to self-quarantine over coronavirus fears

By Edmund DeMarche | Fox News Mark Meadows, President Trump’s incoming White House chief of staff, may have come in contact with the Conservative Political Action Conference attendee who ...

Trump camp fires back after Twitter labels Biden video ‘manipulated’

By Gregg Re | Fox News EXCLUSIVE: The Trump campaign has sent a scathing letter to Twitter’s leadership after the platform took the unprecedented step of labeling one of its ...

Bernie Sanders, at Fox News Town Hall, hits Clinton for efforts to ‘relive’ 2016, Biden for backing ‘crooks’

By Gregg Re | Fox News As his struggling campaign seeks a big win in Michigan’s Tuesday primary, Bernie Sanders took the stage at a Fox News Town Hall ...