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

Philadelphia Dem elections judge admits taking bribes to inflate vote counts

By Bradford Betz | Fox News A former Democratic elections judge has pleaded guilty for his role in accepting bribes to cast fraudulent ballots and certifying false ...

Sanders delegates push back at agreements prohibiting convention dissent: ‘It’s ridiculous’

By Paul Steinhauser | Fox News Sen. Bernie Sanders’ political team – in an apparent bid for party unity – is asking supporters chosen to represent the former presidential ...

Injured bald eagle rescued from California interstate

By James Rogers | Fox News In a Facebook post, California Highway Patrol-Redding explained that it received a report of the injured eagle blocking a lane on ...

NASA will pay people to spend 8 months in a lockdown to simulate missions to Mars and the moon

By Chris Ciaccia | Fox News NASA’s long-term goal is to have astronauts head to Mars in the 2030s, but before it gets there, it’s going to pay people to ...

‘Enough is enough’: Judge Napolitano reacts to calls for NYC lockdown to end

By Julia Musto | Fox News It’s high time for New York — and America — to return to “normal society” with COVID-19 health and safety measures in place to help mitigate ...

Gregg Jarrett: Biden turning to ‘deflection and diversion’ amid new questions about son’s Ukraine work

By Julia Musto | Fox News Joe Biden is trying to deflect legitimate questions surrounding his son Hunter’s 2014 work in Ukraine on the board of natural gas company Burisma Holdings, Fox News ...

‘Shady backroom deal’ could swing upcoming Nevada primary election, RNC tells state attorney general

By Gregg Re | Fox News Together with the Nevada GOP, Republican National Committee (RNC) chairwoman Ronna McDaniel on Wednesday demanded the state investigate what she called ...

Gov. Andrew Cuomo gets a pass from CNN on nursing home policy controversy

By Brian Flood | Fox News New York Gov. Andrew Cuomo is being accused of failing to protect nursing home residents during the coronavirus pandemic, which one state representative called an “inexcusable ...

California opens up coronavirus funding for immigrants in state illegally, faces backlash

By Edmund DeMarche | Fox News Undocumented immigrants in California are now allowed to apply for the state’s coronavirus relief program that will pay $500 per person and up ...

Trump blasts ’60 Minutes,’ ‘creep’ HHS whistleblower after broadcast

By Edmund DeMarche | Fox News President Trump late Sunday accused CBS’ “60 Minutes” of putting the spotlight on another “Fake Whistleblower” who wants to inflict damage ...

AOC allegedly on hook for unpaid 7-year-old tax bill: report

By Carl Campanile | New York Post Rep. Alexandria Ocasio-Cortez wants to raise taxes on the rich — just not pay her own. The Democratic socialist congresswoman from the Bronx ...

Los Angeles fire, explosion leave at least 11 firefighters injured, all expected to survive: LAFD

By Brie Stimson | Fox News A fire and explosion at a hash oil manufacturer in the Toy District of downtown Los Angeles on Saturday evening left at least 11 firefighters injured, according to ...