Articles by USNN World News

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

Weather

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

by USNN World NewsAugust 5, 2020September 7, 2024

World

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

by USNN World NewsAugust 5, 2020June 20, 2024

NATIONAL NEWS

Special Counsel Jack Smith Drops Trump Election Case, Classified Documents Appeal

By Jack Phillips Special counsel Jack Smith on Monday dropped his election interference case against President-elect Donald Trump, while also moving to drop his appeal ...

Senators Signal Trump Nominees Gabbard, Hegseth Will Face Grilling in Congress

By Jack Phillips Multiple Democratic and Republican senators on Nov. 24 signaled that they will grill President-elect Donald Trump’s choices to lead the Intelligence Community ...

Russia Will Help China Advance Submarine Technology, US Indo-Pacific Commander Says

By Frank Fang In return for China’s support during its war on Ukraine, Russia will likely assist Beijing to advance its submarine fleet, the head ...

Election Shows Native American Vote Is ‘Force to Be Recognized’

By Allan Stein WINDOW ROCK, Ariz.—With a population of more than 165,000 people, the Navajo Nation is the largest indigenous reservation in the United States, ...

Deficit Reduction and Growth Agenda: Bessent’s Treasury Portfolio

By Andrew Moran President-elect Donald Trump confirmed on Nov. 22 his plans to nominate Wall Street billionaire financier Scott Bessent as Treasury secretary. Bessent, 62, the ...

2 Key Congressional Races Still Uncalled in California

By Kimberly Hayek Republicans have secured a trifecta in the November general election, taking control of the Oval Office, House, and Senate. And while the presidential ...

Trump Team Hasn’t Signed Transition of Power Agreements: White House Press Secretary

By Jack Phillips President-elect Donald Trump’s transition team has not yet entered agreements with the outgoing Biden administration and a federal agency responsible for services, ...

Trump Selects Pam Bondi for Attorney General After Gaetz Withdraws

By Jack Phillips and Sam Dorman President-elect Donald Trump on Nov. 21 announced former Florida Attorney General Pam Bondi as his nominee for U.S. attorney ...

NC House Overrides Governor’s Veto, Requires Sheriffs to Cooperate With ICE

By Darlene McCormick Sanchez Republican lawmakers in the North Carolina House voted to override Gov. Roy Cooper’s veto of a bill requiring sheriffs to cooperate ...

Matt Gaetz Says He’s Not Returning to Congress Next Year

By Jack Phillips Former Florida Congressman Matt Gaetz on Friday responded to speculation that he could return to the U.S. House after he withdrew his ...

Matt Gaetz Withdraws From Trump Attorney General Consideration

By Jack Phillips Former Florida congressman Matt Gaetz wrote on Nov. 21 that he is withdrawing himself from consideration to be President-elect Donald Trump’s choice ...

New Efficiency Department Suggests Simpler Tax Code; H&R Block, Intuit Stock Fall

By Naveen Athrappully The new, non-government Department of Government Efficiency (DOGE) led by Elon Musk and Vivek Ramaswamy has turned its attention toward simplifying the ...