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

CNN’s Van Jones says ‘white, liberal Hillary Clinton supporter’ more worrisome than KKK

By Brian Flood | Fox News CNN’s Van Jones said a “white, liberal Hillary Clinton supporter” could pose a bigger threat to African Americans than the Ku Klux Klan on Friday ...

Minneapolis cop who knelt on handcuffed black man George Floyd charged with 3rd degree murder, manslaughter

By Barnini Chakraborty | Fox News Derek Chauvin, the Minneapolis police officer seen kneeling on George Floyd’s neck until he could not breathe, has been charged with 3rd degree murder and ...

Biden’s head-turning comments on Asians resurface amid former VP’s attacks on Trump ‘xenophobia’

By Gregg Re | Fox News Republicans are highlighting Joe Biden’s past head-turning comments concerning Asian Americans after the former vice president co-authored an op-ed this week accusing President ...

Trump blasts Minneapolis mayor, vows military support if needed

By Edmund DeMarche | Fox News President Trump took to Twitter early Friday to vow military support for the governor of Minnesota after another night of violent protest ...

Dems’ ‘unmasking’ spree now gets special investigator

By WND Staff That spree of “unmasking” by Democrats at the end of the Obama administration will get a special review. A document declassified this month ...

PBS film that was linked to China propagandist being pulled

By WND Staff, Chuck Ross Daily Caller News Foundation PBS pulled a documentary produced in association with a Chinese foreign agent over concerns that it did ...

MSNBC analyst’s smear of Florida governor hasn’t aged well

By WND Staff Claiming five Democratic governors were making decisions rooted in “fact-based truth,” MSNBC contributor Mike Barnicle slammed Republican Florida Gov. Ron DeSantis’ restrained ...

Feds declare mandated transgender sports ‘accommodations’ illegal

By WND Staff The Department of Education’s Office for Civil Rights has issued a letter of “Impending Enforcement Action” against several public schools that have ...

Trump crafts executive order on social media, weighs commission to probe bias amid Twitter fight

By John Roberts, Gillian Turner, Brooke Singman | Fox News President Trump is crafting an executive order on social media that could seek to curb legal protections for the ...

SpaceX’s Historic Launch Should Inspire More Of Us To Take Risks

By Helen Raleigh Amid the pandemic, the SpaceX launch should inspire us to be risk-takers, trying new things and starting new ventures. We can only ...

New Report Exposes Onerous Overregulation From The Administrative State

By Tristan Justice A new report from the libertarian Competitive Enterprise Institute (CEI) offers new insight into just how much unelected bureaucrats have adopted and embraced Article ...

Kayleigh McEnany says reporters dodging FBI’s misconduct with the Flynn case is ‘journalistic malpractice’

By Joshua Nelson | Fox News White House press secretary Kayleigh McEnany said on Tuesday that most journalists seem to be focused on President Trump’s determination that churches are essential ...