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Category: Economy

The US Economy

US employers hire 1.8M despite new COVID-19 shutdowns
Posted inEconomy

US employers hire 1.8M despite new COVID-19 shutdowns

USNN World Newsby USNN World NewsAugust 7, 2020December 5, 2024
GOP senators pitch extending extra unemployment aid through end of year
Posted inEconomy

GOP senators pitch extending extra unemployment aid through end of year

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

Capital One slapped with $80M fine for 2019 data hack

USNN World Newsby 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.”
Posted inEconomy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell open to extending $600 unemployment boost in coronavirus stimulus deal
Posted inEconomy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

USNN World Newsby USNN World NewsAugust 5, 2020August 19, 2024
McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion
Posted inEconomy

McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Stocks rally as slow coronavirus-relief talks move in 'right direction'
Posted inEconomy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

USNN World Newsby USNN World NewsAugust 4, 2020December 5, 2024
White House considering unilateral actions with coronavirus aid bill stuck in Congress
Posted inEconomy

White House considering unilateral actions with coronavirus aid bill stuck in Congress

USNN World Newsby USNN World NewsAugust 3, 2020August 3, 2020
Democrats, White House still at odds over extra coronavirus unemployment benefits
Posted inEconomy

Democrats, White House still at odds over extra coronavirus unemployment benefits

USNN World Newsby USNN World NewsAugust 2, 2020August 2, 2020
Bipartisan leaders of Problem Solvers Caucus predict deal on horizon for coronavirus stimulus bill
Posted inEconomy

Bipartisan leaders of Problem Solvers Caucus predict deal on horizon for coronavirus stimulus bill

USNN World Newsby USNN World NewsAugust 1, 2020August 1, 2020
Trump says second stimulus check could be 'way higher' than $1,200
Posted inEconomy

Trump says second stimulus check could be ‘way higher’ than $1,200

USNN World Newsby USNN World NewsJuly 30, 2020July 30, 2020
Lawmakers face a tight deadline
Posted inEconomy

Trump calls GOP coronavirus proposal ‘semi-irrelevant’ as deal appears far off

USNN World Newsby USNN World NewsJuly 29, 2020July 29, 2020

Posts pagination

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NATIONAL NEWS

  • Intel chief tells Schiff transcripts of Russia probe interviews cleared for releaseIntel chief tells Schiff transcripts of Russia probe interviews cleared for release
    By Brooke Singman, Mike Emanuel | Fox News Acting Director of National Intelligence Richard Grenell has told House Intelligence Committee Chairman Adam Schiff that transcripts from the panel’s ...
  • Coup Conspiracy Case Will Get Them All – Kevin ShippCoup Conspiracy Case Will Get Them All – Kevin Shipp
    By Greg Hunter’s USAWatchdog.com Former CIA Officer and counter-terrorism expert Kevin Shipp says America is facing big internal and external foes. One of the biggest external ...
  • Researcher On Cusp Of COVID-19 Breakthrough Killed In Bizarre Murder-SuicideResearcher On Cusp Of COVID-19 Breakthrough Killed In Bizarre Murder-Suicide
    By Tyler Durden A University of Pittsburgh researcher working on a coronavirus project was fatally shot on Saturday at his home in Ross Township, while ...
  • Government gone too far? States rebuked for coronavirus lockdown measuresGovernment gone too far? States rebuked for coronavirus lockdown measures
    By Andrew O’Reilly | Fox News The Justice Department has sided with a Virginia church suing Gov. Ralph Northam after police threatened a pastor with jail time or a ...
  • House GOP says Schiff is ‘blocking’ release of Russia probe transcripts, demands accessHouse GOP says Schiff is 'blocking' release of Russia probe transcripts, demands access
    By Brooke Singman | Fox News Republicans on the House Judiciary and Oversight Committees are accusing House Intelligence Committee Chairman Adam Schiff of “blocking” Russia probe transcripts and are demanding ...
  • NYPD officers say coronavirus social distancing policing needs to endNYPD officers say coronavirus social distancing policing needs to end
    By Vandana Rambaran | Fox News Officers from the New York Police Department have decried city officials “get cops out of the social distancing enforcement business altogether,” following backlash stemming ...
  • Chaffetz: ‘Very credible’ Biden allegations have exposed the media’s ‘incredible hypocrisy’Chaffetz: 'Very credible' Biden allegations have exposed the media's 'incredible hypocrisy'
    By Joshua Nelson | Fox News Fox News contributor Jason Chaffetz said on Monday that Tara Reade’s sexual assault allegation against 2020 Democratic presidential frontrunner Joe Biden is “very credible.” “What it is ...
  • Oklahoma city amends coronavirus mask order following physical confrontations after reopeningOklahoma city amends coronavirus mask order following physical confrontations after reopening
    By Robert Gearty | Fox News A city in Oklahoma has lifted a coronavirus mask requirement following reports of physical confrontations — and a threat of violence involving a gun — at ...
  • Dems deploying DARPA-funded AI-driven information warfare tool to target pro-Trump accountsDems deploying DARPA-funded AI-driven information warfare tool to target pro-Trump accounts
    By Gregg Re | Fox News An anti-Trump Democratic-aligned political action committee advised by retired Army Gen. Stanley McChrystal is planning to deploy an information warfare tool that received initial ...
  • New York Times calls for DNC investigation into Biden sexual assault claimsNew York Times calls for DNC investigation into Biden sexual assault claims
    By Adam Shaw | Fox News The New York Times on Saturday called for the Democratic National Committee to investigate the sexual assault claims against presumptive Democratic nominee ...
  • CDC LIED; HERE’S PROOF – ENTIRE “COVID-19 OUTBREAK” ONE BIG FARCECDC LIED; HERE'S PROOF - ENTIRE "COVID-19 OUTBREAK" ONE BIG FARCE
    By News Desk Hal Turner Radio Show The Centers for Disease Control (CDC) have been shown by THEIR OWN RECORDS to be outright LIARS, who ...
  • US gets dragged into fight as Australia-China war of words escalatesUS gets dragged into fight as Australia-China war of words escalates
    By Barnini Chakraborty | Fox News The animosity brewing between Australia and China over coronavirus reached a fever pitch this week. But tensions between the trading partners have been simmering for more than a year ...
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