USNN World News

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

Economy

SBA disaster loan investigation reveals rampant fraud: Report

by USNN World NewsJuly 29, 2020July 29, 2020

NATIONAL NEWS

Radio host Howie Carr calls Elizabeth Warren’s Native American proposal a ‘laundry list of free stuff’

By Nick Givas | Fox News Radio host Howie Carr said Sunday that Sen. Elizabeth Warren’s Native American policy proposal is nothing more than “a laundry list of free stuff” ...

Socialism Defined

By USNN socialism noun so·cial·ism | \ ˈsō-shə-ˌli-zəm \ Definition of socialism 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution ...

Rep. Dan Crenshaw rips Antifa demonstrators, blasts Portland protests as ‘sad showing’

By Dom Calicchio | Fox News In a Twitter message Saturday, U.S. Rep. Dan Crenshaw declared Saturday’s protests in Portland, Ore., “a sad showing,” and said the city’s Antifa activists paled in ...

Tlaib hits back at Bill Maher for comments on BDS, compares Israel to apartheid South Africa

By Bradford Betz | Fox News Rep. Rashida Tlaib, D-Mich., suggested Saturday that viewers boycott comedian Bill Maher’s HBO talk show after he devoted a segment of Friday’s program to bashing the ...

Portland police declare ‘civil disturbance’ amid clashes after far-right, far-left rallies; at least 13 arrested

By Vandana Rambaran | Fox News Police in Portland, Ore. declared a “civil disturbance” Saturday evening as members of far-right groups and far-left members of Antifa continued to skirmish hours after conducted ...

California gun rights group look to overturn state ban on assault weapons

By Bradford Betz | Fox News Judge Napolitano’s Chambers: Judge Andrew Napolitano explains the Second Amendment and why calls to take legally owned guns away is not ...

New York medical examiner: Jeffrey Epstein’s death was a suicide by hanging

By Samuel Chamberlain | Fox News New York City’s chief medical examiner has ruled that disgraced financier and accused sex trafficker Jeffrey Epstein committed suicide by hanging in his prison cell ...

Dayton, Ohio, gunman had cocaine, alcohol and antidepressants in system: coroner

By Talia Kaplan | Fox News The gunman who carried out a deadly mass shooting in Dayton, Ohio, this month had cocaine and other drugs in his system at the ...

Bill Clinton painting in Jeffrey Epstein’s home a ‘surprise’ to woman who painted president wearing blue dress

By Hollie McKay | Fox News Among those confounded by the revelation this week that accused sex trafficker Jeffrey Epstein had owned and prominently displayed a freakish ...

Painting of Bill Clinton in blue dress and heels was inside Jeffrey Epstein’s NYC mansion: report

By Danielle Wallace | Fox News A large painting of former President Bill Clinton wearing a blue dress similar to that of Monica Lewinsky’s and red heels was found ...

Man says he witnessed CNN host Don Lemon’s alleged assault: ‘I was kind of making fun, I feel bad now’

By Brian Flood | Fox News The former boss of a bartender who earlier this week filed an explosive lawsuit against CNN host Don Lemon, accusing the ...

Trump set to speak to thousands at SNHU Arena, expected to focus on economy

By John Distaso President making second visit to NH since taking office, first campaign rally since Election Eve, 2016. MANCHESTER, N.H. — The stage is set in ...