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Real News, Real Time

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.”
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell open to extending $600 unemployment boost in coronavirus stimulus deal
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 5, 2020August 19, 2024
House Speaker Nancy Pelosi slammed President Trump for suggesting that he would deliver his convention acceptance speech from the White House South Lawn, calling the proposed move "very wrong." "For the President of the United States to degrade once again the White House, as he has done over and over again, by saying he's going to completely politicize it, is something that should be rejected right out of hand," Pelosi, D-Calif., said during an interview on MSNBC. "It's not serious thinking," she said. "It won't happen, whether it's legally wrong or ethically out of the question, it shouldn't have been something that was expressed." TRUMP CAMPAIGN CONSIDERING POSSIBLE CONVENTION ACCEPTANCE SPEECH FROM WHITE HOUSE LAWN Earlier in the day, during an interview on "Fox & Friends," Trump confirmed that his re-election campaign was exploring several options for the site of his Republican National Convention nomination acceptance speech later this month, including the South Lawn. "We're thinking about it," Trump said. "It would be the easiest from the standpoint of security. You know these, they move with a lot of people, it's a very expensive operation militarily. And law enforcement-wise. The Secret Service is fantastic. But it's a big deal." The possibility that Trump may deliver one of his most high-profile speeches at the White House has raised questions over whether it's a violation of the Hatch Act, which prohibits federal government employees from participating in partisan political activity -- although the president and vice president are exempt. TRUMP, IN 'FOX & FRIENDS' INTERVIEW, WARNS IT COULD TAKE YEARS TO GET ELECTION RESULTS WITH MASS-MAILED BALLOTS placeholder “I think anything you do on federal property would seem to be problematic,” Sen. John Thune, R, S-D., told reporters this week. At the end of July, Trump abruptly canceled RNC events that were scheduled to take place in Jacksonville, Fla. amid a resurgence of coronavirus cases in the state. His decision to do so came just weeks after he moved the event from North Carolina after a health safety-related dispute with the state's Democratic governor. Several hundred Republican delegates will still meet in Charlotte to nominate Trump, whose address is scheduled to take place the final night of the three-day event, which runs from Aug. 24-27. BIDEN CAMPAIGN SHELLING OUT $280M FOR 15-STATE AD BUY The Democratic National Convention Committee on Wednesday announced the party's event will be completely virtual, with presumptive nominee Joe Biden no longer traveling to Milwaukee to deliver the acceptance speech. Biden will now deliver his keynote speech in his home state of Delaware, according to a news release.
Posted inNational News

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 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.”
Posted inNational News

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion
Posted inEconomy

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Trump calls Black Lives Matter a 'Marxist group,' rips athletes kneeling for anthem
Posted inNational News

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

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Tropical Storm Isaias caused 147 mph wind gust atop Mount Washington in New Hampshire
Posted inWeather

Tropical Storm Isaias caused 147 mph wind gust atop Mount Washington in New Hampshire

USNN World Newsby USNN World NewsAugust 5, 2020September 7, 2024
Beirut explosion: Rescue workers frantically search for survivors as Lebanon capital confronts massive devastation
Posted inWorld

Beirut explosion: Rescue workers frantically search for survivors as Lebanon capital confronts massive devastation

USNN World Newsby USNN World NewsAugust 5, 2020June 20, 2024
Carolyn Maloney declared winner in New York congressional race marred by mail-in ballot problems
Posted inNational News

Carolyn Maloney declared winner in New York congressional race marred by mail-in ballot problems

USNN World Newsby USNN World NewsAugust 4, 2020February 26, 2025
Dem Senator walks out of Ted Cruz's Antifa hearing: 'I don't think you listen'
Posted inCongress

Dem Senator walks out of Ted Cruz’s Antifa hearing: ‘I don’t think you listen’

USNN World Newsby USNN World NewsAugust 4, 2020August 4, 2020
Stocks rally as slow coronavirus-relief talks move in 'right direction'
Posted inEconomy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

USNN World Newsby USNN World NewsAugust 4, 2020December 5, 2024
DB Cooper case gets new clues in tiny algae found on ransom money, study says
Posted inNational News

DB Cooper case gets new clues in tiny algae found on ransom money, study says

USNN World Newsby USNN World NewsAugust 4, 2020August 4, 2020

Posts pagination

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NATIONAL NEWS

  • John Durham: Democrats Paid to ‘Infiltrate’ Trump White House ServersJohn Durham: Democrats Paid to ‘Infiltrate’ Trump White House Servers
    By Jack Phillips Special counsel John Durham’s team alleged on Feb. 12 that a tech executive aligned with the Democratic Party was paid to spy ...
  • Bodycam Footage Shows DC Metro Police Striking Unconscious Trump Supporter Who Died on Jan. 6Bodycam Footage Shows DC Metro Police Striking Unconscious Trump Supporter Who Died on Jan. 6
    By Joseph M. Hanneman Heavily redacted bodycam videos from the West Terrace tunnel on Jan. 6, 2021, provide a glimpse into conditions at the time ...
  • New York State, City, Sued Over COVID-19 Treatment Order That Discriminates Against WhitesNew York State, City, Sued Over COVID-19 Treatment Order That Discriminates Against Whites
    By Matthew Vadum Two men who are fully vaccinated against COVID-19 are suing both the city and state of New York for unconstitutional racial discrimination for directing ...
  • The Voting Reforms That Should Come From BLM Memphis Founder’s Illegal Voting Registration ConvictionThe Voting Reforms That Should Come From BLM Memphis Founder’s Illegal Voting Registration Conviction
    By Carol M. Swain Commentary If Tennessee and all Americans aren’t prudent, they’ll cast only a cursory glance at the recent and controversial conviction of Black Lives Matter ...
  • Outgoing Member of Biden’s Party Has Bleak Outlook for Democrats’ Chances With Rural VotersOutgoing Member of Biden’s Party Has Bleak Outlook for Democrats’ Chances With Rural Voters
    By Jack Phillips Outgoing longtime Rep. Jim Cooper (D-Tenn.) said that the Democratic Party is “facing extinction” in Tennessee and noted that Democrats don’t have a strategy ...
  • ‘Something isn’t right’: Biden warned his ‘mental decline’ is worsening'Something isn't right': Biden warned his 'mental decline' is worsening
    By Bob Unruh That there have been questions for a long time already about Joe Biden’s cognitive abilities is without dispute, as a poll weeks ago ...
  • How did Outkick get the goods on Stacey Abrams while the media dropped the ball?How did Outkick get the goods on Stacey Abrams while the media dropped the ball?
    By Becket Adams, Senior Commentary Writer Democratic Georgia gubernatorial candidate Stacey Abrams’s campaign launched just last December, yet she is already in full-blown panic mode. Newly surfaced ...
  • INFOGRAPHIC: Approved and Non-FDA Approved COVID-19 TreatmentsINFOGRAPHIC: Approved and Non-FDA Approved COVID-19 Treatments
    By Petr Svab Since the onset of the COVID-19 pandemic two years ago, hundreds of studies have examined the efficacy of dozens of drugs and other compounds ...
  • LA County Sheriff’s Department Could Lose 4,000 Employees Over COVID-19 Vaccine MandateLA County Sheriff’s Department Could Lose 4,000 Employees Over COVID-19 Vaccine Mandate
    By Katabella Roberts The Los Angeles County Sheriff’s Department is set to lose 4,000 employees who have not been vaccinated against the CCP (Chinese Communist Party) virus, ...
  • Lara Logan Quitting Big Tech, Accuses It of ‘Glorifying’ Pedophile ContentLara Logan Quitting Big Tech, Accuses It of ‘Glorifying’ Pedophile Content
    By Naveen Athrappully Journalist Lara Logan has announced that she intends to quit big tech social media platforms Twitter, Facebook, and Instagram, accusing the networks of ...
  • Rumble CEO Offers Joe Rogan $100 Million: ‘This Is Totally Legit’Rumble CEO Offers Joe Rogan $100 Million: ‘This Is Totally Legit’
    By Jack Phillips Video-sharing platform Rumble on Monday offered podcast host Joe Rogan $100 million to bring his discussions to an uncensored forum in the midst of ...
  • FDA, Doctors’ Group Reach Agreement on Production of Pfizer Vaccine DocumentsFDA, Doctors’ Group Reach Agreement on Production of Pfizer Vaccine Documents
    By Zachary Stieber A group seeking all the documents analyzed by U.S. drug regulators before approving Pfizer’s COVID-19 vaccine has reached an agreement with the government ...
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