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, 2020December 13, 2025

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

Senate Backs Ban on China Buying US Farmland

By Terri Wu The U.S. Senate passed on Tuesday an amendment offered by Sen. Mike Rounds (R-S.D.) to ban China and other foreign adversaries from ...

House Panel to Take Up Contempt of Congress Charge Against Facebook’s Zuckerberg on Thursday

By Ryan Morgan The Republican-controlled House Judiciary Committee has set a Thursday vote on whether to initiate contempt of Congress charges against Facebook founder Mark ...

Judge Demands Explanation From Hunter Biden’s Lawyers Over Alleged Lie to Court Clerk

By Caden Pearson Lawyers for Hunter Biden may face legal sanctions for allegedly misrepresenting themselves to the court clerk in order to have information related to ...

Hunter Biden Friend Worked for Prosecutor After Investigation Into President’s Son Began

By Zachary Stieber A friend of President Joe Biden’s son Hunter Biden was employed by the U.S. attorney’s office investigating the Hunter after the probe ...

Massive Backlog of US Passport Applications Sparks Flood of Complaints to Congress

By Bryan Jung A major backlog of U.S. passport applications has spurred a flood of calls by angry American travelers to House and Senate offices on ...

McCarthy: Biden Family Probe ‘Rising to the Level of Impeachment Inquiry’

By Caden Pearson House Speaker Kevin McCarthy (R-Calif.) has asserted that the growing body of evidence surrounding corruption allegations against President Joe Biden and his ...

Hunter Biden Partner to Testify to Congress as White House Says President ‘Never in Business’ With His Son

By Zachary Stieber Hunter Biden’s former business partner is scheduled to testify to Congress as lawmakers look to dig deeper into connections between President Joe ...

DeSantis Involved in Car Accident on Way to Event in Tennessee: Campaign

By Jack Phillips Florida Gov. Ron DeSantis was involved in a car crash on Tuesday while campaigning in Tennessee, according to his campaign. The Republican 2024 ...

Biden Administration Sued Over Alleged Harms of Biofuel Production

By Tom Ozimek The Environmental Protection Agency’s (EPA) biofuel program is doing more harm than good by killing endangered species, according to a federal lawsuit against ...

Texas Governor Says He Will Defy Federal Agency’s Request to Remove Floating Barriers

By Jack Phillips Texas Gov. Greg Abbott on Monday said he would defy a Department of Justice (DOJ) request to remove inflatable, floating barriers in ...

IRS Ends Unannounced Agent Visits to Taxpayers’ Homes

By Tom Ozimek The Internal Revenue Service (IRS) has announced a major yet “common-sense” policy change that will put an end to most unannounced agent ...

Trump’s Trade Chief Lays Out Plan to Beat China at Its Own Game

By Jan Jekielek and Terri Wu Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In ...