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

Former Security Adviser: John Kerry Undermined Trump in Unapproved Iran Talks

By Ivan Pentchoukov Former Secretary of State John Kerry repeatedly undercut President Donald Trump’s foreign policy towards Iran during unauthorized talks with senior Iranian officials, according to Keith Kellogg, the former ...

House Republicans Question Biden Administration on ‘Questionable’ Census Results

By Zachary Stieber A group of House Republicans questioned whether political interference contributed to what they describe as questionable results from the recently completed 2020 ...

Manchin Opposes Washington Statehood Bill, Says ‘Let the People of America Vote’

By Tom Ozimek Sen. Joe Manchin (D-W.Va.) said Friday that he does not support a bill that would make Washington D.C. the nation’s 51st state, dealing a ...

Tennessee Legislature Passes Bill Requiring Watermarks on Absentee Ballots

By Jack Phillips Tennessee’s Legislature approved a bill that requires the addition of a watermark on all absentee ballots in a nearly unanimous vote. Senate Bill 1314 passed ...

Twitter Stock Drops After Weak Quarter, Missing Target on User Growth

By Jack Phillips Twitter’s stock dropped about 13 percent on Friday to $56.74 per share after the firm issued weak second-quarter guidance on revenue growth ...

John Kerry Financial Disclosures Show Millions in Income From Stocks, Including Oil Companies

By Tom Ozimek John Kerry, special presidential envoy on climate at the State Department, has disclosed millions of dollars in income from stocks—including of oil ...

McCarthy Says Biden’s Massive Tax-and-Spend Plans Make Bernie Sanders ‘Look Like a Conservative’

By Tom Ozimek House Minority Leader Kevin McCarthy (R-Calif.) on Thursday sharply criticized President Joe Biden’s massive early-term spending proposals, comparing the president to one of ...

South Dakota Gov. Kristi Noem Sues Biden Admin Over Independence Day Fireworks Cancellation

By Samuel Allegri Republican South Dakota Gov. Kristi Noem sued the Biden administration on April 30 over their cancellation of Independence Day fireworks at Mount Rushmore this ...

NJ Lawmaker Proposes Using CARES Funds for Property Tax Relief Instead of Stimulus Payments for Illegal Immigrants

By Ella Kietlinska New Jersey Assemblyman Gerry Scharfenberger, a Republican, proposed in April a bill urging the governor to reconsider diverting $40 million in federal ...

Florida House Approves GOP-Backed Election Integrity Bill

By Jack Phillips The Republican-controlled Florida House of Representatives approved a voting measure that Republicans say would enhance election integrity in the state. The bill passed in a ...

Biden Draws Ire of Republicans, Pushback From Democrats for $6 Trillion Spending Spree

By Tom Ozimek President Joe Biden’s $6 trillion in early-term spending initiatives—his $1.9 trillion American Rescue Plan that passed with zero Republican votes, along with ...

New York Legislature Begins to Repeal Gov. Cuomo’s Pandemic Orders

By Ivan Pentchoukov New York’s Democrat-led legislature repealed several of Gov. Andrew Cuomo’s pandemic directives on April 28. The state’s Assembly and Senate voted to repeal parts ...