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

US attorney calls for probe into federal crackdown on Portland riots; DHS chief promises ‘we will never surrender’

By Adam Shaw | Fox News The U.S. Attorney for Oregon on Friday called for an investigation into the Department of Homeland Security’s conduct in cracking down on the riots that ...

Jonathan Turley calls out CNN’s ‘telling moment of dissonance’ amid unrelenting anti-Trump coverage

By Brian Flood | Fox News Tapper fact-checked colleagues after McEnany criticism. George Washington University law professor Jonathan Turley praised CNN’s Jake Tapper Friday for fact-checking his colleague Jim Acosta, writing in a blistering column ...

Ivanka Trump’s Big Idea: Overhaul government hiring to prioritize job skills over college degrees

By Brooke Singman | Fox News The Big Idea is a series that asks top lawmakers and figures to discuss their moonshot — what’s the one proposal, if politics and polls ...

Ingraham tells voters to ‘learn to spot lies’ from Democrats, prevent ‘Orwellian chasm’ of Biden presidency

By Charles Creitz | Fox News Fox News host asks Americans, ‘Wouldn’t you rather be decoding and exposing the radical agenda’? Laura Ingraham opened Thursday’s show with a monologue ...

CNN’s Jim Acosta blasted for taking Kayleigh McEnany out of context in viral tweet

By Joseph A. Wulfsohn | Fox News CNN’s chief anti-Trump reporter Jim Acosta was blasted on social media over a tweet that quoted White House Press Secretary Kayleigh ...

Jake Tapper fact-checks his own CNN colleagues pushing misleading quote from Kayleigh McEnany

By Joseph A. Wulfsohn | Fox News CNN anchor Jake Tapper offered a rare defense of White House press secretary Kayleigh McEnany after many members of the media, including his own ...

California pastor to defy Newsom’s shutdown, possibly run for governor

By Caleb Parke | Fox News A California pastor said he would defy Gov. Gavin Newsom’s latest coronavirus lockdown — and maybe even challenge him in the polls. Pastor Greg Fairrington, leader of 3,500-members Destiny ...

Conservative group launches ‘DivestU’ to redirect donations away from liberal colleges

By Brooke Singman | Fox News Turning Point’s Charlie Kirk calls it their ‘most aggressive project yet to combact rampant Leftism at universities’. Conservative group Turning Point USA ...

3 churches sue Newsom after California bans singing in places of worship because of coronavirus

By Morgan Phillips | Fox News They claim a double standard because of Newsom’s support of protests. In the latest battle between Gov. Gavin Newsom and houses of worship over ...

DHS accuses mayor, officials of enabling ‘mob,’ posts timeline of damage by ‘violent anarchists’

By Adam Shaw | Fox News Local businesses have reported $23 million in losses. Acting Homeland Security Secretary Chad Wolf on Thursday accused Portland politicians of enabling the “mob” ...

There’s a Washington football bombshell coming and it’s not about the name

By The New York Post A series of cryptic tweets has emerged, warning of an imminent bombshell set to shake the Redskins to its core. The ...

Biden leads in Pennsylvania but some point to ‘secret Trump’ voters: poll

By Paul Steinhauser | Fox News Majority of those questioned believe their communities hold a number of ‘secret Trump’ voters. A new poll in the crucial general election battleground state ...