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

Elizabeth Warren’s candidacy is in ‘big trouble,’ says Chris Stirewalt

By Julia Musto | Fox News Elizabeth Warren’s steady rise to become a 2020 Democratic frontrunner is now reversing course, Fox News digital politics editor Chris Stirewalt said Thursday. Appearing on “Outnumbered Overtime” with host Harris Faulkner, the ...

‘Coup has started,’ whistleblower’s attorney said in 2017 posts calling for impeachment

By Gregg Re | Fox News Mark Zaid, one of the attorneys representing the whistleblower at the center of the Democrats’ ongoing impeachment inquiry, tweeted conspicuously in ...

Can Trump factor carry GOP to victory in Kentucky, Mississippi governor races?

By Paul Steinhauser | Fox News He’s not on the ballot, but President Trump is on the minds of voters casting ballots in state-level elections across ...

Varney: Media ‘panic’ over Elizabeth Warren’s ‘major gaffe that cannot be taken back’

By Matt London | Fox News ‘Woah, I was shocked this morning when I scanned the headlines in the liberal media. They’ve woken up to the economic lunacy ...

Trump touts Baghdadi’s ‘one-way ticket to hell’ ahead of pivotal elections in Kentucky, Virginia, Mississippi

By Gregg Re | Fox News At a rally on friendly turf in Kentucky Monday night, President Trump urged voters to send a powerful “signal” to Democrats and the world by electing staunch White House ...

Obama administration took out Michael Flynn over audit of the ‘Deep State’: Flynn lawyer

By Matt London | Fox News In a new interview, the attorney for former national security adviser Michael Flynn suggested that the Obama administration may have been out to get her client because ...

Joy Behar: Don’t tell Americans before you take their guns

By Nick Givas | Fox News Politicians seeking to confiscate guns from Americans shouldn’t share their plans with the public beforehand and should seek to maintain an element of surprise, Joy ...

Black conservative dismantles Michelle Obama’s ‘white flight’ theory

By Matt London | Fox News Black conservative Chicago native Gianno Caldwell picked apart recent controversial comments from former First Lady Michelle Obama, who claimed that “white folks” fled Chicago neighborhoods in the 1970s because black ...

Whitaker defends Trump, calls out Schiff’s unfair and ‘impartial’ process

By Fox News Former Acting Attorney General Matt Whitaker says Trump’s due process rights have been ignored and the whistleblower must come forward. https://youtu.be/Ycr-iwMG3JI

House Republicans plan to call Adam Schiff to testify in impeachment inquiry, say he is ‘fact witness’

By Brooke Singman | Fox News House Republicans plan to call Intelligence Committee Chairman Adam Schiff as one of their first witnesses in the impeachment inquiry against President Trump ...

‘Meet the Press’ asked voters in early primary states about impeachment, saw little support

By Nick Givas | Fox News NBC News’ “Meet the Press” took to the streets to ask voters in early primary states what they think of Democrats’ efforts to impeach President Trump, and ...

Mueller Report Contradicts Comey’s Testimony to Congress

By Petr Svab There’s a somewhat hidden discrepancy between the final report of former special counsel Robert Mueller about the Russia investigation and congressional testimony of ...