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

Minneapolis City Council announces veto-proof push to disband police in George Floyd aftermath

By Peter Aitken | Fox News Minneapolis’ left-leaning City Council members on Sunday announced a veto-proof push to disband the Minneapolis police department, ramping up a major conflict inside ...

Jeff Bezos ‘happy to lose’ customers over Black Lives Matter stance

By Daniella Genovese FOXBusiness Amazon founder shares email from customer who criticized company’s stance Amazon founder Jeff Bezos responded to a profanity-laced email from a customer who criticized the company’s ...

‘Defund the police’ wrests support from politicians coast-to-coast – and steamrolls holdouts

By Tyler Olson | Fox News In the wake of George Floyd’s death, calls to “defund the police” have in a matter of days escalated from a fringe campaign to ...

Trump mocks Romney for marching with protesters to White House: ‘What a guy’

By Brooke Singman | Fox News President Trump on Monday mocked Mitt Romney for marching with protesters to the White House over the weekend, sarcastically praising the Utah senator’s ...

NY Times editorial page editor resigns amid staff fury over Tom Cotton op-ed

By Bradford Betz | Fox News The New York Times announced Sunday that Editorial Page Editor James Bennet is resigning — amid reports of anger inside the ...

Buffalo cops caught on video pushing 75-year-old to the ground plead not guilty

By Chris Irvine | Fox News Two Buffalo police officers have pleaded not guilty to assault after they were caught on camera shoving a 75-year-old man to ...

Biden Says 10-15 Percent of Americans Are ‘Just Not Very Good People’

By Tom Ozimek Democrat presidential nominee Joe Biden said Thursday that while he believes the “vast majority” of Americans are decent, he estimated that there around 10 ...

Washington Braces as George Floyd Protests Begin

BY TOM OZIMEK Protests have begun in Washington, District of Columbia, on Saturday as authorities brace for what is expected to be one of the biggest demonstrations ...

Washington Post blasted over inaccurate ‘grim milestone’ tweet on unemployment rate: ‘It’s not true’

By Brian Flood | Fox News The Washington Post was blasted on social media after it jumped the gun with an inaccurate tweet Friday claiming the May U.S. ...

Republicans returning fire in 2020 battle for Senate

By Paul Steinhauser | Fox News Democrats have been playing offense so far this year as they try to regain the majority in the Senate for the first ...

Lindsey Graham fires back at Gen. Mattis: You’re buying into an ‘unfair’ narrative

By Talia Kaplan | Fox News Sen. Lindsey Graham, R-S.C., pushed back Thursday on former Secretary of Defense Gen. Jim Mattis’ criticism of President Trump’s handling of the unrest in ...

Project Veritas Infiltrates Antifa, Reveals Organized Training in Violent Action

By Petr Svab At least some parts of the anarcho-communist movement Antifa are highly organized, including initiation procedures, security protocols, and “lectures” on violent action, according to ...