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

Second debate moderator interned for Joe Biden, tweeted anti-Trump op-ed

By Sam Dorman | Fox News He previously tweeted an op-ed titled “No, Not Trump, Not Ever.” President Trump’s campaign is calling out C-SPAN anchor Steve Scully, who’s moderating ...

After Philadelphia sees voting machine controls stolen, reporter finds lax security at warehouse

By Michael Ruiz | Fox News Investigative journalist Max Marin said he walked right in without encountering security. A Philadelphia reporter said he walked right into an elections warehouse Thursday, a day ...

Trump pushes back against changes to future debates as team Biden requests ‘mute button’

By Brooke Singman, John Roberts | Fox News The president’s tweets come amid a back-and-forth between the commission and the Trump and Biden campaigns. President Trump on Thursday pushed back ...

McEnany: Trump has ‘condemned’ white supremacy, but ‘shameful’ media won’t cover it

By Brooke Singman | Fox News ‘His record on this is unmistakable and it is shameful the media refuses to cover it,’ McEnany said. White House press secretary ...

Chaffetz slams coverage of FBI’s Russia probe, bombshell Hunter Biden report

By Caleb Parke | Fox News The mainstream media’s treatment of Joe Biden and his son, Hunter Biden, is a national embarrassment compared to how President Trump and his family are treated, ...

Biden Caught Wearing Wire for Debate

By Hal Turner News Desk Democrat Presidential candidate Joe Biden has been caught wearing electronic communications devices during his Debate with President Trump. Video clips ...

Corporation admits in court they “BRIBED U.S. VICE-PRESIDENT, JOSEPH BIDEN”

By Hal Turner News Desk In an utterly stunning development for US politics, Burisma Gas Holdings Corp of Ukraine admitted in court today they BRIBED ...

Biden refuses again to state court packing position, mangles Constitution’s rules for Supreme Court

By Ronn Blitzer | Fox News ‘Whatever position I take on that, that’ll become the issue,’ Biden said during Tuesday night’s debate. Democratic presidential nominee Joe Biden once again avoided ...

Biden downplayed Antifa’s threat at Tuesday’s debate, but the WH, experts believe it’s a terror group

By Adam Shaw | Fox News Biden and Democrats want ‘to downplay and deny the threat of the organized militant far-left’: journalist Andy Ngo. Democratic nominee Joe Biden, during ...

Chamber of Commerce’s top political strategist abruptly forced out

By Megan Henney FOXBusiness Scott Reed accused the business lobbying powerhouse of shifting to the political left. The U.S. Chamber of Commerce on Tuesday abruptly ousted its top political ...

Cuomo’s office reportedly pushing against sending new ballots after voters received mismarked envelopes

By Ronn Blitzer | Fox News Many Brooklyn ballots had return envelopes with the wrong names on them. New York Gov. Andrew Cuomo and his office reportedly pushed against a ...

Top 5 moments from Trump and Biden’s rough and rowdy first presidential debate

By Tyler Olson | Fox News Biden and Trump attacked each other in personal terms for more than 90 minutes. The first debate of the 2020 presidential election on Tuesday ...