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

Biden blames Trump for Cuba push to rejoin UN Human Rights Council, despite it being a member during Obama admin

By Adam Shaw | Fox News Presumptive Democratic nominee Joe Biden on Friday blamed President Trump for a push by Cuba to join the U.N. Human Rights Council — a criticism ...

Pompeo says China poses real ‘risk’ to US, in new interview

By Nick Givas | Fox News In yet another push from the federal government to highlight the nefarious nature of communist China, Secretary of State Mike Pompeo said during a radio ...

Nevada’s vote-by-mail primary stirs fraud concerns, as unclaimed ballots pile up: ‘Something stinks here’

By Andrew O’Reilly | Fox News Red flags are being raised about the all-mail voting system being used in Nevada’s most populous county ahead of the state’s ...

Wisconsin special election goes to GOP’s Tom Tiffany; Trump takes Nebraska primary

By Gregg Re | Fox News Republican Tom Tiffany, a Wisconsin state senator endorsed by President Trump, easily won a special congressional election Tuesday in the state’s heavily conservative, rural 7th ...

Wisconsin’s Supreme Court strikes down governor’s ‘safer at home’ order

By Morgan Phillips | Fox News Wisconsin’s Supreme Court struck down the state’s “safer at home” order Wednesday, saying Democratic Gov. Tony Evers’ administration overstepped its authority when it ...

Trump weighs in on unmasking: ‘Greatest political crime in the history of our country’

By Tyler Olson, Brooke Singman | Fox News President Trump weighed in Thursday in an interview with Fox Business Network on the former Obama officials – including former Vice President Joe Biden and former ...

Trump ‘totally’ disagrees with Fauci on school reopenings

By Brittany De Lea FOXBusiness States investigating unknown illness appearing in children that may be linked to COVID-19 As state economies begin slowly reopening in phases, President Trump wants ...

Rand Paul rips Biden over Flynn unmasking, says it ‘should be a deal-killer’ for ex-VP’s White House bid

By Victor Garcia | Fox News Sen. Rand Paul, R-Ky., accused former Vice President Joe Biden Wednesday of “using the power of government … to go after a political ...

Obama should be known as a disgraced president who used the FBI against his political enemies

By Tucker Carlson | Fox News On Inauguration Day, 2017, it is likely that not 1 in 100,000 Americans was thinking about Russia. It was the last thing most people were ...

AOC removed from union-backed progressive party ballot line in New York

By Morgan Phillips | Fox News Rep. Alexandria Ocasio-Cortez, D-N.Y., was booted from the progressive union-backed Working Families Party (WFP) ballot line by a Queens judge, a blow to ...

Feds spent nearly $100B on pandemic readiness, health security in decade leading up to coronavirus crisis

By Tyler Olson | Fox News Over the past decade, the U.S. government spent nearly $100 billion on preparation for major health crises including pandemics, according to a 2018 paper ...

‘Pretty clear’ Democrats are trying to ‘rig’ California special election

By Talia Kaplan | Fox News National Republican Congressional Committee Chairman Tom Emmer said on “Fox & Friends” on Monday that it is “pretty clear” that Democrats are trying to “rig” ...