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

Spies Keep Secrets and With Them, Their Own Power

By Michael Ledeen Sometimes it takes decades before we get the facts about our past, because our intelligence agencies don’t want the facts known. According ...

Universal Basic Income Explained

By Valentin Schmid Take your pick between communism, socialism, or crony capitalism. It sounds great on the surface. Three beautiful and important words. Universal. Basic. Income. ...

Republican Congressman: Democrats Still Withholding Secret Impeachment Transcripts

By Jack Phillips Rep. Michael Burgess (R-Texas) has revealed that House Democrats are still withholding transcripts of depositions that were carried out several months ago ...

Federal Judge Set to Block North Carolina’s Voter Photo ID Requirement

By Mimi Nguyen Ly A federal judge is set to temporarily block a photo identification requirement in North Carolina that was scheduled to start in ...

9 People Who Allegedly Double Voted in 2018 Election Are Referred for Prosecution: Officials

By Zachary Stieber Nine people allegedly voted twice in the 2018 general election, Iowa officials said this week. The nine people were referred to prosecutors in ...

Biden clarifies remark that he will not comply with Senate subpoena

By Adam Shaw | Fox News Former Vice President Joe Biden on Saturday sought to “clarify” his prior remarks that he will not comply with a potential subpoena to ...

Warren sees sharp drop in quarterly fundraising, ‘a good chunk behind’ last quarter, campaign says

By Joseph A. Wulfsohn | Fox News Sen. Elizabeth Warren, D-Mass., may have found a lump of coal in her Christmas stocking, as her campaign’s fundraising efforts reportedly ...

Soledad O’Brien slams Brian Stelter, CNN for booking guests who ‘intentionally lie’ on air

By Joseph A. Wulfsohn | Fox News Anchor-turned-media exec Soledad O’Brien blasted CNN and its chief media correspondent, Brian Stelter, for the network’s practice of booking guests who “intentionally” lie ...

McConnell hit for impeachment coordination with Trump – but Dems did the same with Clinton

By Adam Shaw | Fox News Senate Majority Leader Mitch McConnell has come under fire from Democrats, and at least one Republican, for his coordination with the White ...

Jeffrey Epstein’s alleged madam Ghislaine Maxwell under FBI investigation

By Barnini Chakraborty | Fox News Ghislaine Maxwell, the longtime friend and alleged enabler of disgraced sex trafficker Jeffrey Epstein, is being investigated by the FBI, according to a ...

Ben Carson: I hoped to find more ‘urgency in the leadership’ in California on homelessness

By Charles Creitz | Fox News Housing and Urban Development Secretary Ben Carson said Thursday that California’s government is not showing “urgency” in finding constructive solutions to ...

NBC News Chuck Todd ripped for ‘embarrassing, enraging’ comments about disinformation

By Brian Flood | Fox News NBC News host Chuck Todd is under fire for saying Republicans have “an incentive structure to utter the misinformation” related to Russia in ...