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

Washington Post mocked for claiming Trump was wrong about violence in Dem-run cities: ‘Worst fact check ever’

By Brian Flood | Fox News The data essentially backed up the president’s case and the paper ran it anyway. The Washington Post was lampooned over the weekend for running a story claiming to ...

McEnany: Pelosi ‘playing politics’ with ‘false reporting’ on Russian bounties for US troops

By Joshua Nelson | Fox News President Trump late Sunday said U.S. intelligence could not confirm an explosive story that Russian military officials offered bounties to militants linked to ...

Nunes: Twitter, Google, Facebook are ‘tech tyrants’ that censor conservatives

By Ronn Blitzer | Fox News Rep. Devin Nunes, R-Calif., railed against Twitter, Google and Facebook tech giants, claiming they improperly wield power over the content Internet users view by ...

Missouri Democratic mayor accused of intimidating defund police protesters after reading names, partial addresses on livestream

By Danielle Wallace | Fox News St. Louis Mayor Lyda Krewson is accused of intimidating protesters after reading their names, partial addresses aloud on Facebook Live. St. Louis Mayor Lyda ...

John Bolton is a Dr. Strangelove throwback who set himself up as a White House warlord

By Peter Navarro | Fox News Everything Bolton pushed would have made America less peaceful or less prosperous. It would be a crime for former National Security Adviser ...

Biden VP hopeful Karen Bass slammed over past praise for Fidel Castro

By Dom Calicchio | Fox News Past praise for the late Cuban dictator Fidel Castro has some Miami-area Democrats worried about a lawmaker said to be in the running ...

Occupy City Hall grows in numbers as NYPD budget deadline looms

By Danielle Wallace | Fox News Protesters living in a tent encampment meant to Occupy City Hall kicked off their sixth consecutive day on Sunday taking up space in New ...

Trump signs executive order to protect American monuments, memorials and statues

By Morgan Phillips | Fox News Historic monuments and statues have become the targets of anger and vandalism during protests. President Trump announced Friday that he signed an executive ...

House passes DC statehood bill: Here’s how it would work

By Morgan Phillips | Fox News The new state would be called ‘Washington, Douglass Commonwealth’. The Democratic-led House on Friday for the first time passed a bill that would make Washington, ...

‘I hope it’s true’: Trump responds to claim he was chosen by God

By Caleb Parke | Fox News President Trump responded to the evangelical claim that he was appointed by God in an interview Monday. CBN News political analyst David Brody asked Trump about the ...

Biden says he would use federal power to require Americans to wear masks in public

By Adam Shaw | Fox News ‘I would insist that everybody in public be wearing that mask,’ he said. Presumptive Democratic presidential nominee Joe Biden said Thursday that he ...

Joe Biden ‘greeted’ by Trump supporters outside Pennsylvania campaign stop

By David Aaro | Fox News It was hard to tell if Joe Biden or President Trump would be appearing in south central Pennsylvania on Thursday by the looks of crowds gathered near ...