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Category: Economy

The US Economy

GOP senators pitch extending extra unemployment aid through end of year
Posted inEconomy

GOP senators pitch extending extra unemployment aid through end of year

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

Capital One slapped with $80M fine for 2019 data hack

USNN World Newsby 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.”
Posted inEconomy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell open to extending $600 unemployment boost in coronavirus stimulus deal
Posted inEconomy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

USNN World Newsby USNN World NewsAugust 5, 2020August 19, 2024
McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion
Posted inEconomy

McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Stocks rally as slow coronavirus-relief talks move in 'right direction'
Posted inEconomy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

USNN World Newsby USNN World NewsAugust 4, 2020December 5, 2024
White House considering unilateral actions with coronavirus aid bill stuck in Congress
Posted inEconomy

White House considering unilateral actions with coronavirus aid bill stuck in Congress

USNN World Newsby USNN World NewsAugust 3, 2020August 3, 2020
Democrats, White House still at odds over extra coronavirus unemployment benefits
Posted inEconomy

Democrats, White House still at odds over extra coronavirus unemployment benefits

USNN World Newsby USNN World NewsAugust 2, 2020August 2, 2020
Bipartisan leaders of Problem Solvers Caucus predict deal on horizon for coronavirus stimulus bill
Posted inEconomy

Bipartisan leaders of Problem Solvers Caucus predict deal on horizon for coronavirus stimulus bill

USNN World Newsby USNN World NewsAugust 1, 2020August 1, 2020
Trump says second stimulus check could be 'way higher' than $1,200
Posted inEconomy

Trump says second stimulus check could be ‘way higher’ than $1,200

USNN World Newsby USNN World NewsJuly 30, 2020July 30, 2020
Lawmakers face a tight deadline
Posted inEconomy

Trump calls GOP coronavirus proposal ‘semi-irrelevant’ as deal appears far off

USNN World Newsby USNN World NewsJuly 29, 2020July 29, 2020
SBA disaster loan investigation reveals rampant fraud: Report
Posted inEconomy

SBA disaster loan investigation reveals rampant fraud: Report

USNN World Newsby USNN World NewsJuly 29, 2020July 29, 2020

Posts pagination

Newer posts 1 … 83 84 85 86 87 … 102 Older posts

NATIONAL NEWS

  • FBI Put Key Dossier Source on Payroll in Apparent Effort to Conceal Dossier FabricationsFBI Put Key Dossier Source on Payroll in Apparent Effort to Conceal Dossier Fabrications
    By Hans Mahncke Commentary Special counsel John Durham filed a pre-trial motion in limine on Sept. 13 in his false statements case against Igor Danchenko, the primary sub-source ...
  • Pro-2A Groups Challenge New York’s New Concealed Carry Law: ‘As Unconstitutional As Old One’Pro-2A Groups Challenge New York’s New Concealed Carry Law: ‘As Unconstitutional As Old One’
    By Bill Pan Two pro-Second Amendment groups are challenging New York’s newly-enacted restrictions on carrying concealed firearms, a measure they say is worse than the one invalidated ...
  • Voters Appealing Against Dismissal of Case Alleging Michigan Secretary of State Violated Constitutional RightsVoters Appealing Against Dismissal of Case Alleging Michigan Secretary of State Violated Constitutional Rights
    By Steven Kovac A years-long legal battle alleging dereliction of duty on the part of Michigan Secretary of State Jocelyn Benson has moved to the Michigan Court ...
  • Delaware Court Strikes Down State’s Voting-by-Mail LawDelaware Court Strikes Down State’s Voting-by-Mail Law
    By Matthew Vadum A state court blocked voting by mail in Delaware Sept. 14 after ruling that the state’s mail-in voting practices violate the Delaware Constitution. Barring further ...
  • DOJ Responds to Trump, Insists on Keeping ‘Over 100’ Mar-a-Lago DocumentsDOJ Responds to Trump, Insists on Keeping ‘Over 100’ Mar-a-Lago Documents
    By Jack Phillips Lawyers for the Department of Justice (DOJ) on Tuesday filed a new motion that again seeks a stay in a judge’s order ...
  • Federal Judge Unseals More Portions of Trump Search Warrant AffidavitFederal Judge Unseals More Portions of Trump Search Warrant Affidavit
    By Jack Phillips A federal judge unsealed more portions of the Department of Justice (DOJ) affidavit that was used to obtain an FBI search warrant ...
  • FBI Pressured People to Give Up Their Gun Rights, Documents ShowFBI Pressured People to Give Up Their Gun Rights, Documents Show
    By Emily Miller The Federal Bureau of Investigation (FBI) has pressured Americans to “voluntarily” give up their Second Amendment rights, which is potentially illegal, according ...
  • Retired General Advances to Battle New Hampshire Incumbent Hassan for US Senate SeatRetired General Advances to Battle New Hampshire Incumbent Hassan for US Senate Seat
    By Nanette Holt Retired Army Brig. Gen. Don Bolduc fought past 10 candidates to win New Hampshire’s Republican primary for U.S. Senate on Sept. 13. By 5:05 ...
  • GOP Senator: Top FBI Official Accused of Closing Down Hunter Biden Probe Must TestifyGOP Senator: Top FBI Official Accused of Closing Down Hunter Biden Probe Must Testify
    By Jack Phillips The top FBI official who left the bureau last month should be asked to testify before the Senate, said Sen. Chuck Grassley (R-Iowa) on Tuesday. FBI ...
  • Special Master Order Reveals Biden’s Direct Involvement In Trump Raid And Six Other BombshellsSpecial Master Order Reveals Biden’s Direct Involvement In Trump Raid And Six Other Bombshells
    By Margot Cleveland A federal judge on Monday granted former President Donald Trump’s request for the appointment of a special master to review the documents ...
  • Trump Lawyers Fire Back After DOJ Asks to Continue Review of Documents Seized by FBITrump Lawyers Fire Back After DOJ Asks to Continue Review of Documents Seized by FBI
    By Jack Phillips Former President Donald Trump’s lawyers on Sept. 12 urged a federal judge to reject the Department of Justice’s bid to continue reviewing documents that ...
  • GOP Leader Says Homes of Trump Supporters May Soon Be Raided by FBIGOP Leader Says Homes of Trump Supporters May Soon Be Raided by FBI
    By Jack Phillips A top former Republican leader and prominent attorney has said that the homes of more supporters of former President Donald Trump may soon be ...
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