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 on Election Battles: Legislators, Judges Need ‘Courage’ to Do What’s Right

By Zachary Stieber President Donald Trump on Tuesday wondered if lawmakers or judges have the courage to help him challenge election results in key battleground states. “Let’s see whether ...

States Back Texas in Supreme Court Suit, Alleging ‘Unconstitutional’ Election in Battleground States

By Janita Kan Several states have expressed their support for Texas’s bid to challenge the election results in four battleground states, which was filed on Tuesday ...

Troubling Foreign Ties Behind Voting Machines Used in US

By Bowen Xiao Behind a significant portion of voting machines used in the United States lies a complex web of questionable foreign ties, a hidden ...

Inauguration Committee Fails to Pass Resolution Acknowledging Biden as President-Elect

By Jack Phillips The Joint Congressional Committee on Inaugural Ceremonies voted down a resolution to acknowledge Joe Biden as the president-elect as President Donald Trump and ...

Campaign Lawyer: Legislatures in Swing States Will Switch Electors to Trump

By Zachary Stieber President Donald Trump’s campaign is confident that at least one state legislature will take back the power to select electors and change to supporting ...

Sidney Powell on Georgia Lawsuit: ‘Expect to Get Relief from Supreme Court’

By Jack Phillips Lawyer Sidney Powell, who filed several lawsuits challenging the election results, said on Monday that she hopes her lawsuit in Georgia will be heard by ...

Michigan House Chairman Tells Dominion CEO to Appear or Be Subpoenaed

By Zachary Stieber A Michigan lawmaker leading the investigation into the 2020 election threatened Dominion Voting Systems CEO with a subpoena if he doesn’t appear before his ...

Richard Grenell on Election Fraud, Nevada Voting Machines, and Trump’s ‘America First’ Diplomatic Success

By Jan Jekielek In this episode, we sit down with Richard Grenell, the former Acting Director of National Intelligence and former U.S. Ambassador to Germany from ...

Georgia Election Workers Sealed Ballots Before Observers, Media Left on Election Night: Investigator

By Zachary Stieber Workers in Georgia’s largest county on election night sealed ballots in boxes and shoved the boxes under a table that was brought into an absentee ballot counting ...

Sidney Powell Files Notice of Appeal in Georgia Election Lawsuit

By Ivan Pentchoukov The legal team led by Sidney Powell informed a federal court in Georgia late on Monday that it is appealing the dismissal of its ...

Trump Campaign Asks Michigan Supreme Court to Declare That Election Process Violated State Constitution

By Janita Kan The Trump campaign on Monday asked the Michigan Supreme Court to review a legal challenge seeking “meaningful access” for poll challengers to ...

Representative Elect Boebert Vows to End ‘Socialist Agenda’ in the US

By Isabel Van Brugen and Jan Jekielek Rep.-elect Lauren Boebert (R-Colo.) said Sunday that her team’s vision is to put an end to the “socialist agenda” that ...