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

Poll: Trump’s Approval Rating Hits High for 2019 After Impeachment Talk

BY JACK PHILLIPS In a new poll, President Donald Trump’s approval rating hit the highest mark this year despite the talk of impeachment. A poll from HarrisX on Oct. 2 ...

Adam Schiff-Ukraine connection comes under scrutiny

By Alex Pappas | Fox News House Intelligence Committee Chairman Adam Schiff, who has played a leading role in investigating the Trump-Ukraine scandal, is facing questions about his own connection to ...

Pence Defends Trump’s Calls for Ukraine, China to Investigate Biden

BY ZACHARY STIEBER Vice President Mike Pence is defending President Donald Trump’s calls for foreign governments to investigate one of Trump’s leading Democratic rivals. And Pence is echoing Trump’s private and ...

Planned Parenthood Built Secret Abortion ‘Mega-Clinic’ in Illinois Under Shell Company: Report

BY MIMI NGUYEN LY Planned Parenthood is set to open an 18,000 square foot mega-clinic in southern Illinois after more than a year of building the abortion facility in secret. CBS News ...

Impeachment Stands No Chance of Success

By Stephen Meister Under Article I, Section 3 of the U.S. Constitution, conviction on an impeachment resolution requires a two-thirds vote of the Senate—today, 67 ...

Ukrainian President Zelensky Says He Never Spoke to Rudy Giuliani

BY JACK PHILLIPS ‘I never feel any pressure’ . Ukraine’s President Zelensky on Oct. 1, said he has not met with Rudy Giuliani, President Donald Trump’s personal lawyer. “I ...

Tomi Lahren: CA Democrats ignoring homeless ‘epidemic’ in favor of Trump impeachment push

By Julia Musto | Fox News California Democrats are completely ignoring the state’s homeless crisis in favor of the Trump impeachment inquiry, Fox Nation host Tomi Lahren said Wednesday. Appearing on “Fox & Friends,” Lahren said ...

Secretary of State Pompeo Says He Was on the Phone During Trump’s Call With Ukrainian President

BY ZACHARY STIEBER Secretary of State Mike Pompeo said he was on the phone while President Donald Trump spoke with Volodymyr Zelensky, his Ukrainian counterpart, in July. “I was on the phone call,” Pompeo told ...

Trump Lawyer Giuliani Hires Watergate Prosecutor to Represent Him in Impeachment Inquiry

BY ISABEL VAN BRUGEN President Donald Trump’s personal lawyer, Rudy Giuliani, has hired former Watergate prosecutor Jon Sale to represent him in the congressional impeachment inquiry, he confirmed on Oct. 1. The ...

Trump Intensifies Criticism of Impeachment Inquiry by Calling It a ‘Coup’

BY TOM OZIMEK Graham: Barr should be talking to Australia, Italy, UK about intelligence cooperation Anonymous sources reveal details about another Trump call; South Carolina Sen. Lindsey ...

Inspector General Admits to Changing Whistleblower Form Due to Media Scrutiny

BY IVAN PENTCHOUKOV The Office of the Intelligence Community Inspector General (ICIG) admitted Sept. 30 that media scrutiny contributed to its decision to make a significant ...

Trump campaign, RNC breaks fundraising record with massive $125M third quarter haul

By Andrew O’Reilly | Fox News President Trump and the Republican National Committee brought in $125 million in fundraising in the third quarter of this year, setting up a hefty war ...