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

Rose McGowan rips Hillary Clinton over ties to ‘predators’ Bill Clinton, Harvey Weinstein

By Brie Stimson | Fox News Rose McGowan called out Hillary Clinton last week over a report that Clinton’s publicist told journalist Ronan Farrow that his investigation into Harvey Weinstein’s alleged ...

‘Hunter Biden’ a topic CNN, NBC, MSNBC don’t seem to like, law professor says

By Dom Calicchio | Fox News Want to watch a left-leaning TV journalist quickly change the subject? Just mention Hunter Biden, son of former Vice President Joe Biden. “For ...

Trump encourages Louisianians to vote, says Pelosi ‘hates the United States’ at second rally in as many days

By Vandana Rambaran | Fox News President Trump slammed House Speaker Nancy Pelosi, D-Calif., at his second campaign rally in as many nights Friday, saying “Nancy Pelosi hates the ...

STUNNING. FOX News Plays Trick on Viewers – Oversamples Democrats by 14 POINTS in Junk Impeachment Poll

By Paul Martin and Jim Hoft FOX News Plays Trick on Viewers – Oversamples Democrats by 14 POINTS in Junk Impeachment Poll Some people are blaming ...

California adopts nation’s broadest gun seizure laws

By Melissa Leon | Fox News California Democratic Gov. Gavin Newsom signed 15 gun-related bills into law Friday, tightening the state’s already-stringent Second Amendment restrictions. One of the bills, which expands a so-called “red ...

Trump headlines Minneapolis rally amid Dems’ impeachment push, tussle over security costs

By Gregg Re | Fox News President Trump was headlining a rally in Minneapolis on Thursday evening, even after his campaign threatened a lawsuit over the city’s effort to recover ...

Minneapolis police officer running against Ilhan Omar calls her ‘absentee landlord,’ says constituents are not happy

By Julia Musto | Fox News Freshman Rep. Ilhan Omar, D-Minn., is an “absentee landlord” in her home state and residents aren’t happy, Minneapolis police officer and congressional candidate Chris Kelley said ...

NBC News boss Andy Lack’s leadership scrutinized as Ronan Farrow tell-all approaches

By Brian Flood | Fox News Embattled NBC News Chairman Andy Lack has managed to keep his job amid a laundry list of scandals, but a new spotlight is being ...

Rep. Meadows on impeachment process: ‘Hardened criminals have better protections’ than Trump

By Nick Givas | Fox News Average criminals have more legal protections than President Trump does in his impeachment fight against congressional Democrats, said Rep. Mark Meadows, R-N.C., on “America’s Newsroom” Thursday. “Listen, ...

Tucker Carlson: The left accuses others of being misogynists, but they protected Harvey Weinstein for years

By Tucker Carlson | Fox News It is the most reliable standard in politics. In fact, take these words, put them on a piece of paper, put them ...

Biden campaign slams NY Times for running ‘Clinton Cash’ author’s op-ed on ex-VP’s Ukraine ties

By Brie Stimson | Fox News The deputy manager of Joe Biden’s 2020 presidential campaign slammed The New York Times on Wednesday in a letter to the newspaper’s executive editor — blasting ...

Two Giuliani associates linked to Ukraine investigations indicted on campaign finance charges

By Ronn Blitzer | Fox News Two associates of Rudy Giuliani who have been linked to his investigations in Ukraine have been indicted for campaign finance violations, according to court documents ...