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

Police: ‘Stashes’ of bricks staged near protests were ‘to be used during a riot’

By The Daily Caller News Foundation Police in Kansas City discovered pallets of rocks and bricks near protest sites on Sunday that they believe were ...

Pro-Trump Georgia Democrat calls out Antifa ‘looters and hoodlums’ who hijacked Atlanta protests

By Joshua Nelson | Fox News In the wake of the protests that erupted in Atlanta over the death of George Floyd last week in Minneapolis, Georgia State Rep. Vernon ...

What is Antifa, the far-left group tied to violent protests?

By Gregg Re | Fox News Antifa, the far-left militant movement that calls itself “antifascist,” has no defined organizational hierarchy or membership process. The collection of autonomous Antifa groups ...

SpaceX spacecraft docks with International Space Station on historic NASA mission

By James Rogers | Fox News SpaceX’s Dragon Endeavour spacecraft crewed by NASA astronauts Doug Hurley and Bob Behnken has docked with the International Space Station on its historic ...

Big-city Dems who had imposed strict lockdowns now let George Floyd rioters flout rules

By Gregg Re | Fox News The coronavirus lockdown is seemingly down and out, as many Democrats in charge of big cities — including several who once insisted ...

Trump announces US to designate Antifa as terrorist organization following violent protests

By Ronn Blitzer | Fox News President Trump announced Sunday that the U.S. government will designate the far-left group Antifa as a terrorist organization. This comes as Trump has blamed Antifa for ...

Minnesota AG Ellison says he has evidence of outsiders contributing to riots while calling out ‘endemic problem’ with Minneapolis police

By Ronn Blitzer | Fox News Minnesota Attorney General Keith Ellison supported protesters in the aftermath of George Floyd’s death and said black people have reason to fear Minneapolis ...

Rioting across the nation leaves cities reeling as hundreds arrested, National Guard called in, businesses damaged and at least 3 dead

By Caitlin McFall, Dom Calicchio | Fox News Dozens of cities across the United States were left early Sunday to assess the toll of a grim night of violent ...

SpaceX makes history, launches NASA astronauts into space from US soil for the first time since 2011

By James Rogers | Fox News SpaceX has launched NASA astronauts Doug Hurley and Bob Behnken on their historic Demo-2 mission to the International Space Station (ISS). The mission is the ...

Chris Cuomo’s ratings plummet as Americans tire of brothers’ schtick

By New York Post Americans have spoken with their clickers — and they’re sick of Chris and Andrew Cuomo show. Chris Cuomo yuks it up with ...

Minnesota requests more help as riots continue there — and across US

By Dom Calicchio | Fox News The state of Minnesota has requested an additional 1,200 National Guard soldiers be deployed after rioting broke out once again Friday night following the death of George ...

CNN headquarters in Atlanta vandalized by protesters after George Floyd death

By Joseph A. Wulfsohn | Fox News A protest erupted outside CNN’s headquarters in Atlanta on Friday amid nationwide demonstrations following the death of Minneapolis man George Floyd, with many of ...