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: Biden ‘Only Won in the Eyes of the Fake News Media’

By Jack Phillips President Donald Trump, in a series of Twitter posts, wrote that Democratic presidential candidate Joe Biden is a winner “only in the eyes” ...

Trump: Antifa Waited Until Most People Left MAGA Rally to Attack

By Zachary Stieber President Donald Trump said late Saturday that Antifa members waited until most of the Trump rally participants left Washington to attack those still in the city. “ANTIFA SCUM ran ...

Trump Lawyer Sidney Powell ‘We’re Getting Ready to Overturn Election Results in Multiple States’

By Jack Phillips Former federal prosecutor Sidney Powell, a Trump campaign lawyer, suggested in a Sunday interview that there is still more evidence coming out in President Donald Trump’s claims ...

California Governor Violated the Constitution With Mail Ballot Order: Judge

By Zachary Stieber California Gov. Gavin Newsom exceeded his authority and violated the state Constitution with an executive order that let all Californians vote by mail if they ...

Trump Adds Sidney Powell to Election Legal Effort

BY IVAN PENTCHOUKOV President Donald Trump on Saturday night announced the addition of Sidney Powell to his campaign’s election legal team. Powell gained the national spotlight when she took over as ...

Sidney Powell with Lou Dobbs: Release the Kraken

By NH POLITICIAN Whatever your political affiliation, if you are an individual of integrity and believe in fair play, freedom and liberty this video should ...

Trump Drives by Supporters Showing Up for ‘Million MAGA March’

By Zachary Stieber President Donald Trump on Saturday drove by supporters who were in Washington for a pro-Trump march that organizers predicted would draw thousands. Trump exited the White ...

Collins: Georgia Can’t Properly Certify Election Without Verifying Signatures

BY IVAN PENTCHOUKOV The head of the Trump campaign’s recount effort in Georgia said the Peach State will not be able to properly certify the results of the 2020 presidential ...

Google Has Power to Shift Millions of Votes Through Targeted Messaging: Dr. Robert Epstein

BY ELLA KIETLINSKA AND JAN JEKIELEK Big Tech companies such Google and Facebook have enormous power to shift people’s opinions and voting preferences through manipulation of the content of their ...

Victor Davis Hanson on the US Election 2020 & Trump’s Prospects | American Thought Leaders

By American Thought Leaders The Epoch Times https://youtu.be/5GKQ50gNNBk Does President Donald Trump have a path to a second term? What would it take? And how have ...

Massive Crowds of People March in DC to Show Support for Trump, Demand Election Integrity

BY OMID GHOREISHI AND EMEL AKAN WASHINGTON—Tens of thousands of people converged at Freedom Plaza in Washington on Saturday, joining other rallies around the country to show support for President ...

GOP Candidate Appeals Pennsylvania County Decision to Count Undated Mail-In Ballots

By Zachary Stieber A Republican state Senate candidate is appealing the decision by Allegheny County, Pennsylvania to count over 2,000 mail-in ballots with no date. Ziccarelli, 38, an ...