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

GOP Rep. Chris Stewart dismisses second whistleblower: ‘Why should I care?’

By Ronn Blitzer | Fox News Members of the House Intelligence Committee from both parties reacted to the news that there is a second whistleblower with knowledge ...

Intelligence Community Watchdog Interviews Second Whistleblower

BY IVAN PENTCHOUKOV Intelligence Community Inspector General Michael Atkinson interviewed a second whistleblower with alleged knowledge about the call between President Donald Trump and the leader of Ukraine. Democrats have led an ...

Chris Wallace challenges Dem on not holding official impeachment vote: ‘There was a clear precedent’

By Nick Givas | Fox News House Democrats have ignored historical precedent and political decorum by not holding an official impeachment vote in their fight to remove President Trump from office, ...

Trump should be allowed ‘confrontation rights’ against Ukraine call whistleblower, ex-Clinton prosecutor says

By Charles Creitz | Fox News President Trump should be afforded “confrontation rights” when it comes to the whistleblower that set off the Democrats’ impeachment inquiry, according to ...

Video appears to contradict Warren’s suggestion that school fired her over pregnancy

By Sam Dorman | Fox News Sen. Elizabeth Warren, D-Mass., suggested this week that a school principal effectively fired her from a teaching job after she became ...

Lindsey Graham vows to have whistleblowers testify publicly if Democrats impeach Trump

By Ronn Blitzer | Fox News Senate Judiciary Committee Chairman Lindsey Graham, R-S.C., vowed to expose the anonymous whistleblowers against President Trump if Democrats move forward with impeachment; ...

Media yawn at Schiff’s lie on MSNBC, but Trump quick to pounce

By Howard Kurtz | Fox News No Trump probe is complete these days without a demand to investigate the investigators. Suddenly, the harsh spotlight has landed on Adam Schiff. The ...

Whistleblower did not disclose contact with Schiff’s committee to inspector general, sources say

By Catherine Herridge, Adam Shaw | Fox News The intelligence community whistleblower who alleged misconduct at the White House over President Trump’s call to the Ukrainian president did not disclose contact with ...

Ronna McDaniel: Democrats’ impeachment inquiry is backfiring as donations to Trump campaign surge

By Julia Musto | Fox News President Trump and the Republican National Committee’s fundraising numbers during the past couple of weeks, marked by the impeachment inquiry, show Democrats’ efforts are backfiring ...

Pelosi Says Schiff Didn’t Fabricate Trump Transcript When He Added Words

BY ZACHARY STIEBER House Speaker Nancy Pelosi (D-Calif.) said that Rep. Adam Schiff (D-Calif.) did not fabricate portions of the President Donald Trump-Ukraine transcript when Schiff brazenly added words to the ...

Fox Turns Down Biden Campaign’s Request to Reject Trump Ad That CNN Declined to Air

BY ZACHARY STIEBER Fox News rejected a request by the campaign of former Vice President Joe Biden not to run an advertisement from President Donald Trump’s campaign that targets ...

White House to Send Pelosi Letter Refusing Compliance With Demands Until Impeachment Inquiry Vote

BY JANITA KAN The White House plans to send a letter to House Speaker Nancy Pelosi (D-Calif.) to reject compliance with lawmakers’ demands until she holds a vote ...