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 fields audience questions on mail-in voting, riots, says Democrats ‘destroying our country’

By Brie Stimson | Fox News President Trump’s Fox News town hall with Sean Hannity on Thursday night presented a rare opportunity for the nation’s commander-in-chief to answer questions coming directly ...

Trump says violence in Chicago, Baltimore, other US cities like ‘living in hell,’ in ‘Hannity’ town hall

By Andrew O’Reilly | Fox News President Trump, in a Fox News town hall with Sean Hannity on Thursday, tore into the soaring violent-crime rates in cities including Chicago ...

BET founder Robert Johnson says Dems taking black voters ‘for granted,’ calls for BLM to form party

By Marisa Schultz | Fox News BET founder Robert Johnson says the Democratic Party has taken black voters in America for granted, and he urges the ascendant Black Lives Matter (BLM) ...

Biden cancer nonprofit paid its top execs millions. It spent little to eradicate cancer

By Joe Schoffstall | Washington Free Beacon Nearly two-thirds of the money the Biden Cancer Initiative spent since its founding in 2017 went toward staff compensation and six-figure ...

NASCAR: Driver’s ‘Hate Crime Noose’ Was Really A Garage Pull Rope

By Allison Schuster The Federalist Separate FBI and NASCAR investigations found what some claimed was a “noose” in NASCAR driver Bubba Wallace’s garage at Talladega Superspeedway ...

Space expert says 110 people is ‘minimum number’ to start life on Mars

By Chris Ciaccia | Fox News If you’ve ever wondered how many people it will take to start a new civilization on Mars, you’ve got your answer. At least ...

Insurgents from the left threaten to upend Dem Party plans in Tuesday primaries

By Paul Steinhauser | Fox News The progressive wing of the Democratic Party hasn’t had much to celebrate at the ballot box since populist Sen. Bernie Sanders suspended his presidential campaign two-and-a-half months ...

Officers clear protesters from outside White House, as ‘Defund the Police’ graffiti removed

By Gillian Turner, Brooke Singman | Fox News Law enforcement officers cleared protesters Tuesday from outside the White House following a clash the night before, pushing them beyond ...

Hackers just leaked sensitive files from over 200 police departments that are searchable by badge number

By Aaron Holmes A hacktivist group on Friday published hundreds of gigabytes’ worth of potentially sensitive files from police departments across the US in the ...

Trump urges AOC to run against Schumer, says she’d win

By Edmund DeMarche | Fox News President Trump urged Rep. Alexandria Ocasio-Cortez, D-N.Y., to run against the state’s longtime Sen. Chuck Schumer in the 2022 primary in November, saying ...

Sarah Sanders slams Bolton as man ‘drunk on power,’ in her forthcoming book

By Brooke Singman | Fox News Former White House Press Secretary Sarah Sanders slams former National Security Adviser John Bolton as a man “drunk on power” in her forthcoming book ...

Owner of Ohio store ransacked by rioters says she’s receiving threats for cooperating with police

By Talia Kaplan | Fox News An Ohio business owner told “Fox & Friends” on Monday that she is receiving threats for cooperating with law enforcement officials investigating the looting of her ...