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

Republican List of Witnesses for Impeachment hearings

By Staff Writer House Republicans plan to call Hunter Biden, the Ukraine whistleblower and a range of other witnesses to testify in the upcoming public ...

WaPo is Fake News: Sondland did not confirm quid-pro-quo, ‘Aid was suspended because of corruption’

By Jennie Taer The media is misleading the American people following the public release of the transcript of U.S. ambassador to the European Union Gordon Sondland on Tuesday. ...

Whistleblower and DNC Contractor Visited Obama White House. It Must Be Investigated

By Sara Carter A controversial whistleblower who allegedly reported second-hand on President Donald Trump’s private conversation with the Ukrainian President Volodymyr Zelensky visited the Obama White House on numerous ...

Veterans Day

By Ho Lin and USNN We thank all of you who served this great country. Veterans Day gives Americans the opportunity to celebrate the bravery and sacrifice ...

Nikki Haley reveals Tillerson, Kelly privately discussed resisting Trump: ‘It was offensive’

By Ronn Blitzer | Fox News Former U.S. Ambassador to the U.N. Nikki Haley blasted former Secretary of State Rex Tillerson and former White House Chief of ...

Americans know Democrats ‘used’ Robert Mueller to try to damage the president, Donald Trump Jr. says

By Charles Creitz | Fox News The American people realize Democrats “used” former Special Counsel Robert Mueller and have become convinced President Trump is subject to a “witch hunt,” according to Donald Trump Jr. In ...

Sen. Graham: Impeachment ‘dead on arrival’ in Senate if Dems keep whistleblower from testifying

By Ronn Blitzer | Fox News Senate Judiciary Committee Chairman Lindsey Graham, R-S.C., accused House Intelligence Committee Chairman Rep. Adam Schiff, D-Calif., of not caring about the ...

Mark Levin blasts Adam Schiff, claims ‘the law is on the president’s side’ on Ukraine

By Charles Creitz | Fox News Mark Levin on Thursday encouraged President Trump to keep fighting against the Democrats’ impeachment inquiry and demanded House Intelligence Committee Chairman Adam Schiff, D-Calif., be ...

Sen. Kennedy defends calling Pelosi ‘dumb,’ says impeachment is rigged like pro wrestling ‘Smackdown’

By Julia Musto | Fox News A partisan impeachment with a “rigged” outcome will be bad for America, Louisiana Sen. John Kennedy said Friday, defending the comments he made at a Trump ...

Mark Meadows caught MSNBC’s anti-GOP bias ‘in real time,’ Charlie Kirk says

By Charles Creitz | Fox News Turning Point USA founder Charlie Kirk praised Rep. Mark Meadows, R-N.C., on Friday, after Meadows interrupted an MSNBC reporter on the air to defend ...

Nikki Haley says Trump does not deserve ‘death penalty’ impeachment proceedings

By Danielle Wallace | Fox News Former U.N. Ambassador Nikki Haley says she does not believe President Trump will be impeached or removed from office, adding that her former boss does not deserve what ...

Nunes demands Schiff testify in private as part of House impeachment inquiry

By Brooke Singman | Fox News EXCLUSIVE: The top Republican on the House Intelligence Committee has formally requested that the panel’s chairman, Rep. Adam Schiff, D-Calif., testify in a ...