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

Project Veritas’ alleged CNN whistleblower claims network is ‘pumping out propaganda’

By Brian Flood | Fox News Undercover recordings made by an alleged ‘whistleblower’ capture CNN employees casually confirming the network’s anti-Trump bias and show company president Jeff Zucker telling top news executives to ...

Pro-Trump CNN contributor says network’s LGBTQ forum revealed Democrats ‘radicalism’

By Nick Givas | Fox News CNN’s LGBTQ forum revealed the fringe elements of the Democratic party and showcased the “radical leftist mob” that makes up its constituency, network contributor Steve Cortes wrote in ...

Trump’s attempt to hire Trey Gowdy for legal team unravels over post-Congress restrictions

By Mike Emanuel, John Roberts, Alex Pappas | Fox News President Trump’s attempt to hire former South Carolina Rep. Trey Gowdy for his legal team as he battles House Democrats over ...

Steve Hilton: The real Ukraine scandal is US cash for gas — It involves the Bidens and a growing list of Dems

By Steve Hilton | Fox News Joe Biden hit back at allegations over his son, Hunter, saying there was nothing corrupt about the firing of that Ukrainian prosecutor. But that ...

Republican Rep. Matt Gaetz kicked out of impeachment inquiry hearing

By Andrew O’Reilly | Fox News Rep. Matt Gaetz, R-Fla., an ardent supporter of President Trump, got the boot on Monday when he tried to sit in on ...

Rand Paul calls for investigation of Dem senators, says they threatened Ukraine aid during Mueller probe

By Nick Givas | Fox News An official investigation should be launched into three Democratic senators who threatened to withhold federal aid to Ukraine if the country’s prosecutor general didn’t assist ...

Bernie Sanders slams Elizabeth Warren as ‘capitalist’

By Alex Pappas | Fox News Vermont Sen. Bernie Sanders – the self-proclaimed Democratic socialist whose standing in the 2020 primary has become threatened by Massachusetts Sen. Elizabeth Warren’s surge in ...

Schiff admits he should have been ‘much more clear’ about contact with whistleblower

By Andrew O’Reilly | Fox News House Intelligence Committee Chairman Adam Schiff, D-Calif., admitted on Sunday that he should have been clearer about his contact with the whistleblower who filed ...

Republicans accuse Cummings of violating bipartisan agreement with ‘abusive’ DHS subpoenas

By Ronn Blitzer | Fox News Republican leaders claim that House Oversight Committee Chairman Elijah Cummings, D-Md., is violating an agreement between their parties after the Democrat subpoenaed ...

Collins: Schiff wants interviews kept secret because Dems ‘can’t win this in the public eye’

By Ronn Blitzer | Fox News House committees are expected to continue their series of closed-door transcribed interviews as part of their impeachment-related investigation of President Trump ...

Louisiana election heads to runoff with Democrat Edwards to face GOP’s Rispone

By Vandana Rambaran | Fox News Louisiana’s Democratic governor, John Bel Edwards, will have to face a runoff election in November as he failed to garner at least ...

Trump says Obama ‘hiding’ from questions about Bidens and Ukraine: ‘I think he knows all about it’

By Melissa Leon | Fox News Former President Barack Obama has been hiding from questions about former Vice President Joe Biden, his son Hunter and Hunter’s work for a gas company ...