USNN World News

Economy

US employers hire 1.8M despite new COVID-19 shutdowns

by USNN World NewsAugust 7, 2020December 5, 2024

Economy

GOP senators pitch extending extra unemployment aid through end of year

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

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

Economy

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

by USNN World NewsAugust 5, 2020August 5, 2020

Economy

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

by USNN World NewsAugust 4, 2020December 5, 2024

Economy

White House considering unilateral actions with coronavirus aid bill stuck in Congress

by USNN World NewsAugust 3, 2020August 3, 2020

Economy

Democrats, White House still at odds over extra coronavirus unemployment benefits

by USNN World NewsAugust 2, 2020August 2, 2020

Economy

Bipartisan leaders of Problem Solvers Caucus predict deal on horizon for coronavirus stimulus bill

by USNN World NewsAugust 1, 2020August 1, 2020

Economy

Trump says second stimulus check could be ‘way higher’ than $1,200

by USNN World NewsJuly 30, 2020July 30, 2020

Economy

Trump calls GOP coronavirus proposal ‘semi-irrelevant’ as deal appears far off

by USNN World NewsJuly 29, 2020July 29, 2020

NATIONAL NEWS

Trump Approves Filing Retooled Texas-Style Election Challenges: Giuliani

By Zachary Stieber President Donald Trump’s legal team is planning on filing retooled lawsuits, his lawyer said Saturday. “We move immediately, seamlessly, to plan B, which ...

Wisconsin Election Official: No Evidence of Fraud Related to Dominion Machines

By Zachary Stieber An election official in Wisconsin testified Friday that there’s no evidence of fraud related to Dominion Voting Systems machines. “In Wisconsin, there were no dumps of ballots ...

Irregularities, Fraud Caused Trump to Lose Wisconsin: Election Commissioner

By Zachary Stieber A member of the Wisconsin election board said Friday that irregularities, fraud, and “Democrat tricks” caused President Donald Trump to lose the ...

Attorney: Michigan Vote Flip Happened Due to Computer Program, Not Human Error

By Zachary Stieber An attorney in a Michigan election case on Friday said that an infamous vote flip happened because of a computer program, not ...

Attorney Lin Wood Appeals Georgia Election Case to Supreme Court

By Janita Kan Attorney Lin Wood has filed an appeal to the Supreme Court asking the justices to review his case that argues Georgia’s 2020 presidential election was “unlawful.” His request ...

YouTube Blocks Trump Campaign’s 2 New Election Fraud Ads

By Tom Ozimek YouTube has removed two new ads from the Trump campaign, which allege widespread corruption in the 2020 election and call on voters to ...

Pro-Trump Groups to Rally in DC to Call for Election Integrity

By Zachary Stieber Several groups are planning to rally in Washington on Saturday to call for election integrity amid concerns about fraud in the 2020 election. Organizers with the “Stop ...

Texas Tells SCOTUS That Defendant States Didn’t Address ‘Grave’ Election Issues

By Zachary Stieber The state of Texas argued in a filing to the Supreme Court on Friday that the four states it is suing didn’t address “grave issues,” instead ...

Arizona State Representatives Call for Election Decertification

By Gary Du Republican Arizona state representatives called on Monday for decertification of the state’s election results in order to maintain public confidence in the integrity of ...

Georgia Election Official: Over 20,000 Voted but Skipped Presidential Pick

By Mimi Nguyen Ly A Georgia election official said on Thursday that more than 20,000 people in the state who voted in the general election didn’t participate in ...

Former Special Forces Officer Warns of Color Revolution Tactics Used Against Trump

By GQ Pan and Joshua Phillipp Color revolution tactics that have been used against foreign leaders are now being used by President Donald Trump’s opponents to ...

Over 21,000 Georgia Election Anomalies Sent to State Officials, Data Analyst Says

By Jack Phillips Matt Braynard, the head of the Voter Integrity Project, said on Dec. 10 that he’s delivered evidence of more than 21,000 election ...