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

Syrian American group says Trump deserves Nobel Peace Prize, US troops should come home

By Vandana Rambaran | Fox News A Syrian American doctor is spearheading an initiative to nominate President Trump for a Noble Peace Prize after Trump managed to convince Putin to throttle ...

Hillary Clinton floats conspiracy that Tulsi Gabbard is being ‘groomed’ by Russians

By Alex Pappas | Fox News Hillary Clinton in a new interview appeared to float a conspiracy theory that the Russians are “grooming” Hawaii congresswoman and Democratic presidential candidate Tulsi ...

Rep. Ken Buck: Trump impeachment inquiry deeply flawed and unfair – Hearings should be public

By Rep. Ken Buck | Fox News Until recently, the House Intelligence Committee occupied a unique space in Congress by avoiding partisanship and open acrimony. Members selected to sit ...

State Department report on Clinton emails finds hundreds of violations, dozens of individuals at fault

By Catherine Herridge, Adam Shaw | Fox News A State Department report into former Secretary of State Hillary Clinton’s use of a private email server for government business, obtained by Fox News ...

Tomi Lahren: AOC should worry about her own reelection, not endorsing Bernie

By Joshua Nelson | Fox News Rep. Alexandria Ocasio-Cortez should be worried about her own reelection chances instead of helping Sen. Bernie Sanders, I-Vt., on the presidential campaign ...

Ocasio-Cortez, Omar, Tlaib to endorse Bernie Sanders

By Dom Calicchio | Fox News Three members of the so-called “Squad” of far-left freshman members of Congress are lining up behind Sen. Bernie Sanders for president. Fox News has learned ...

Flynn lawyer wants prosecutors to turn over cellphones from mysterious professor linked to Russia probe

By Brooke Singman | Fox News The lawyer representing Michael Flynn in the case against the former national security adviser demanded federal prosecutors turn over two cellphones used by ...

Nancy Pelosi being politically smart by delaying impeachment vote, Brit Hume says

By Charles Creitz | Fox News House Speaker Nancy Pelosi is being politically smart by holding off on a formal Trump impeachment vote on the chamber floor, according to Brit ...

Buttigieg, Klobuchar slam Warren for not saying how she’ll finance ‘Medicare-for-all’

By Paul Steinhauser | Fox News WESTERVILLE, Ohio – Rising in polls and facing increased scrutiny, Sen. Elizabeth Warren came under attack from two of her Democratic presidential nomination ...

Biden, Warren skirt questions over Ukraine controversy, ‘Medicare for All’ as rivals roar

By Gregg Re | Fox News The three Democratic 2020 front-runners were united at Tuesday night’s presidential debate in calling for President Trump’s impeachment, as former Vice President ...

Pelosi announces House won’t vote now on whether to begin impeachment inquiry

By Gregg Re | Fox News House Speaker Nancy Pelosi announced after meeting with the House Democratic caucus on Tuesday that there will be no vote — at least for now ...

Gordon Sondland, ambassador involved in Ukraine controversy, to testify Trump told him ‘no quid pro quo’

By Andrew O’Reilly | Fox News The U.S. ambassador to the European Union, Gordon Sondland, is expected to tell congressional lawmakers on Thursday that President Trump told him there ...