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

Trump Asks Who Changed Whistleblower Rules Before Submittal of ‘Fake Whistleblower Report’

BY IVAN PENTCHOUKOV President Donald Trump on Sept. 30 demanded to know which officials changed the rules on a whistleblower form for complaints submitted to the Office of the Inspector ...

Amid Ukraine complaint, GOP questions move to drop ‘first-hand’ info requirement in whistleblower form

By Catherine Herridge, Judson Berger | Fox News Republicans on Monday challenged intelligence community officials to explain why a key whistleblower form was apparently changed to drop a ...

Tea Party Groups to Fight Against Impeachment Effort

BY PATRICK HOWLEY WASHINGTON—Conservative activists are launching a nationwide campaign to pressure congressmen from both parties to back away from their interest in impeaching President Donald Trump over ...

Biden seeks to bar Giuliani from TV news, after Trump lawyer alleges possible Biden corruption

By Gregg Re | Fox News Joe Biden’s presidential campaign requested in a letter on Sunday that major news networks not invite President Trump’s personal attorney Rudy Giuliani anymore, after Giuliani ...

Trump Campaign Hauls in $13 Million in Two Days After Pelosi Impeachment Announcement

By Jack Phillips President Donald Trump’s reelection campaign has raised $13 million after a Democratic-led impeachment inquiry. A sponsored Facebook ad for Trump’s campaign read that “there are ...

Stephen Miller says Trump is ‘real whistleblower’ and calls complaint ‘partisan hit job’ in contentious interview

By Andrew O’Reilly | Fox News White House senior policy adviser Stephen Miller said on Sunday President Trump is the real “whistleblower” and slammed the whistleblower complaint that spurred ...

Ken Starr points to key word in whistleblower complaint, says it suggests ‘poor judgment’

By Edmund DeMarche | Fox News Ken Starr, the former independent counsel who spearheaded the 1990s investigation into President Clinton, told Fox News on Saturday that he was troubled ...

Giuliani was not working alone in Biden Ukraine probe

By Ronn Blitzer | Fox News Rudy Giuliani was not the only attorney trying to get damaging information on Joe Biden from Ukrainian officials, and President Trump’s decision to ...

Whistleblower Complaint Conflicts With Trump–Zelensky Call Transcript

BY IVAN PENTCHOUKOV The content of a whistleblower complaint about a call between President Donald Trump and the Ukrainian leader conflicts with the official transcript of the conversation between the ...

All Hell Is About To Break Loose: The Truth Hidden By The MSM And The Frantic Panic Behind The ‘Impeachment Push’ As Media Work Overtime To Protect The Deep State Lies

By Susan Duclos – All News PipeLine Gallup which has been monitoring trust in the media since the 1970s, has come out with their 2019 numbers and finds ...

Trump: Democrats ‘Are Trying to Stop Me, Because I Am Fighting for You’

By Janita Kan Following his criticism of the Democrats on Saturday morning, President Donald Trump expressed his resolve to fight for the American people in a video message, amid ...

Rep. Gaetz defends Trump’s Ukraine phone call, says Dems playing ‘pin the tail on the impeachment theory’

By Victor Garcia | Fox News Rep. Matt Gaetz, R-Fla., defended President Trump against criticism that he asked the president of Ukraine for a “favor” during their controversial phone call that ...