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

Pence vows US will ask WHO ‘tough questions’ over how ‘they could have been so wrong’ about coronavirus

By Charles Creitz | Fox News Vice President Mike Pence told “Hannity” Wednesday night that the U.S. will ask “tough questions” of the World Health Organization (WHO) over its ...

Ilhan Omar faces pushback after defending illegal immigrants as ‘American taxpayers’

By Sam Dorman | Fox News Rep. Ilhan Omar, D-Minn., sparked online controversy Wednesday after she attempted to reframe reporting on her desire to direct coronavirus aid to illegal immigrants. “There, fixed it ...

Sanders suspends presidential campaign, rendering Biden presumptive Democratic nominee

By Paul Steinhauser, Brooke Singman | Fox News Bernie Sanders suspended his Democratic presidential campaign on Wednesday, effectively ensuring former Vice President Joe Biden will be the party’s nominee even as the ...

Who is Kayleigh McEnany? What to know about incoming White House press secretary

By Morgan Phillips | Fox News On Tuesday President Trump’s press secretary Stephanie Grisham left her post and will be replaced by campaign spokeswoman Kayleigh McEnany. McEnany will work in tandem with ...

Wisconsin voters brave long lines to vote in primary amid coronavirus outbreak; results expected next week

By Gregg Re | Fox News Polls closed Tuesday night in Wisconsin’s presidential primary, which candidate Bernie Sanders has said “may very well prove deadly” — with voters waiting hours in long ...

Trump says US may put a ‘very powerful hold’ on funding to World Health Organization

By Andrew O’Reilly | Fox News President Trump signaled Tuesday he may put a “very powerful hold” on funding to the World Health Organization as he lashed out at the United Nations ...

CBS News panned for tearful video of nurse claiming she quit over coronavirus concerns

By Brian Flood | Fox News CBS News has come under fire for a video of a nurse who claimed she quit her job because she was ...

House Republicans demand answers after Kennedy Center lays off employees despite taking stimulus money

By Ronn Blitzer, Gregg Re | Fox News Republicans on the House Oversight Committee are demanding that the management of the Kennedy Center explain themselves after announcing the ...

Trump slams ‘complaining’ Dem Pritzker at coronavirus briefing, signals openness to more stimulus checks

By Gregg Re | Fox News Saying “we hope we’re seeing a leveling off in the hottest spots of them all,” President Trump revealed Sunday evening that 1.67 million people ...

CNN’s Jim Acosta blasted for ‘mansplaining’ after interrupting Dr. Birx to attack Trump

By Joseph A. Wulfsohn | Fox News CNN chief White House correspondent Jim Acosta was widely blasted for interrupting Dr. Deborah Birx during Friday’s coronavirus briefing to attack President Trump. Birx took a ...

RFK granddaughter, 40, and son, 8, presumed dead after Chesapeake Bay mishap, family says

By Dom Calicchio | Fox News An active search for two members of the Kennedy family who went missing Thursday during a boating trip on Chesapeake Bay in Maryland has been ...

Trump fires Michael Atkinson, intelligence IG who told Congress about Ukraine phone call: report

By Dom Calicchio | Fox News President Trump has reportedly fired Michael Atkinson, the inspector general for the U.S. intelligence community who alerted Congress to concerns about a ...