Articles by USNN World News

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 downplays Republican concerns about giving nomination acceptance at White House: ‘It is legal, there is no Hatch Act’

by USNN World NewsAugust 5, 2020August 5, 2020

Economy

McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion

by USNN World NewsAugust 5, 2020August 5, 2020

Trump calls Black Lives Matter a 'Marxist group,' rips athletes kneeling for anthem

National News

Trump rips athletes kneeling for anthem, calls Black Lives Matter a ‘Marxist group’

by USNN World NewsAugust 5, 2020August 5, 2020

NATIONAL NEWS

Texas Governor Issues Executive Order Banning Vaccine Mandates by Any Entity

By Mimi Nguyen Ly Texas Gov. Greg Abbott on Monday issued an executive order that bans vaccine mandates by any entity, including private employers, in the ...

Oregon Senators Call for Investigation Into Alleged COVID-19 Statistical Manipulation

By Tammy Hung Oregon state Sens. Kim Thatcher and Dennis Linthicum, both Republicans, have petitioned Acting U.S. Attorney Scott E. Asphaug to launch a grand jury investigation into ...

NYC’s Unvaccinated Teachers Need to Waive Right to Sue for 1 Year of Health Benefits

By Petr Svab Aside from being put on unpaid leave, New York City teachers who’ve declined to get the COVID-19 vaccine won’t be allowed to keep their ...

Georgia Official Urges DOJ to Investigate Fulton Voter After Two Fired for Allegedly Shredding Voting Applications

By Zachary Stieber Georgia Secretary of State Brad Raffensperger on Monday called on the U.S. Department of Justice to investigate Fulton County after the county fired two workers ...

Southwest Airlines Pilots Union Sues to Block COVID-19 Vaccination Mandate

By Jack Phillips A union representing thousands of Southwest Airlines pilots filed a lawsuit against the carrier after the company announced mandatory COVID-19 vaccination requirements. In ...

Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’: Bank Association Exec

By Tom Ozimek The proposed bank account reporting law drawn up by the Biden administration is a violation of Americans’ financial privacy and is a costly regulatory burden ...

Used-Car Prices Soar to Record High Amid New-Vehicle Inventory Slump

By Tom Ozimek Wholesale used car prices hit a record high in September with the chip shortage and other supply constraints squeezing new-vehicle inventories and ...

Oil Up as Industries Switch From Gas, Little Sign Supply Crunch Easing

By Reuters Oil prices rose on Friday, and were on track for gains of nearly 5 percent this week, on signs some industries have begun switching fuel from ...

Virginia Judge Hands Victory to Parents, Sides Against Prosecutor on School Board Recall

By Jack Phillips A Virginia-based parent group attempting to oust five Loudoun County School Board members was given a small win after a Loudoun County Circuit Court judge ...

American Employers Added 194,000 Jobs in September, Far Below Expectations

By Tom Ozimek U.S. employers added fewer than 200,000 jobs in September, sharply undershooting market expectations and painting a picture of labor market recovery that’s ...

400 Workers Quit Large Michigan Hospital System Over COVID-19 Vaccine Mandate

By Zachary Stieber Approximately 400 healthcare workers at one of Michigan’s largest hospital systems have resigned over the system’s COVID-19 vaccine mandate. The roughly 33,000 workers at ...

Pennsylvania Democrats Protest Curriculum Transparency Bill

By Beth Belje The idea of parents having easy access to their children’s school curriculum was vigorously debated Wednesday in the Pennsylvania House of Representatives. Pennsylvania code already ...