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

Trump Urges Bondi to Take Action Against Comey, Schiff, James

By T.J. Muscaro President Donald Trump on Sept. 20 urged Attorney General Pam Bondi to take action against political adversaries, including former FBI director James ...

Key Moments From Charlie Kirk’s Memorial Service

By Jacob Burg, Joseph Lord, Travis Gillmore, T.J. Muscaro and Ryan Morgan PHOENIX—Tens of thousands turned out for Charlie Kirk’s memorial service at the State ...

Kash Patel Says FBI Investigating ‘Theories and Questions’ on Charlie Kirk Assassination

By Jack Phillips FBI Director Kash Patel on Sunday said that the law enforcement bureau is “meticulously investigating theories and questions” into the assassination of ...

How Charlie Kirk Helped Republicans Reach Young Americans

By Nathan Worcester WASHINGTON—When Blake Neff first started working with Charlie Kirk in 2022, he doubted the conservative activist’s message would land with its intended ...

Trump Says Republican Party Will Hold Convention for 2026 Midterm Election

By Aldgra Fredly President Donald Trump announced on Sept. 19 that the Republican Party would hold a convention for next year’s midterm elections. “The Republican Party ...

Ryan Routh, DOJ Offer Opening Arguments in Trump Assassination Attempt Trial

By Jacob Burg and Sam Dorman FORT PIERCE, Fla.—The trial of Ryan Wesley Routh, who is charged with the Sept. 15, 2024, attempted assassination of ...

$33 Million in Benefits Paid to Deceased People in New York State, Watchdog Finds

By Naveen Athrappully About $33 million in Social Security benefit payments were issued to dead people in New York state, the Social Security Administration’s (SSA’s) ...

Education Department Promotes Patriotic School Curriculum

By Aaron Gifford Department of Education Secretary Linda McMahon this week announced “a landmark initiative” for promoting the instruction of civics and America’s founding principles ...

Prosecutors Announce Charges Against Suspected Charlie Kirk Assassin

By Jack Phillips and Janice Hisle PROVO, Utah—Prosecutors on Tuesday unveiled charges against the man accused in the assassination of Charlie Kirk, including a capital ...

FBI’s Patel Confirms 1,700 Domestic Terrorism Cases Being Investigated

By Jack Phillips FBI Director Kash Patel confirmed on Tuesday that the bureau is investigating more than 1,700 domestic terrorism cases, as he was speaking ...

Stephen Miller Says Administration Working to Dismantle ‘Domestic Terror Movement’

By Jack Phillips White House deputy chief of staff Stephen Miller confirmed on Monday that the White House will be going after networks that organized ...

Trump Says He Will Declare National Emergency If Washington Stops Cooperating With ICE

By Aldgra Fredly President Donald Trump on Sept. 15 threatened to declare a national emergency in Washington after Mayor Muriel Bowser said local police would ...