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

Utah Governor Says Suspected Charlie Kirk Assassin Left Note, Has ‘Leftist Ideology’

By Jack Phillips Utah Gov. Spencer Cox said the suspected assassin of conservative influencer Charlie Kirk left behind a note, and confirmed reports that the ...

Employees Fired, Suspended for Celebrating Charlie Kirk’s Death

By T.J. Muscaro Multiple companies across the United States have issued warnings to employees that they won’t have a job to go back to on ...

Charlie Kirk’s Alleged Assassin Lived With Transgender Partner: FBI

By Nathan Worcester Tyler Robinson, the alleged killer of prominent conservative commentator Charlie Kirk, resided with a transgender partner, The Epoch Times confirmed. A senior FBI ...

‘I Will Never Let Your Legacy Die’: Charlie Kirk’s Widow Gives First Public Address After Assassination

By Sam Dorman Charlie Kirk’s wife, Erika, addressed the public for the first time on Sept. 12 since her husband’s assassination two days prior. In a ...

What to Know About Charlie Kirk’s Suspected Assassin

By T.J. Muscaro and Savannah Hulsey Pointer The suspected shooter in the assassination of conservative commentator Charlie Kirk has been arrested, Utah Gov. Spencer Cox ...

Who is Tyler Robinson? What we know about Charlie Kirk’s suspected assassin

By Sarah Rumpf-Whitten and Michael Ruiz WASHINGTON, Utah – Tyler Robinson, 22, has been identified as the suspect in Turning Point USA founder Charlie Kirk’s assassination on a ...

Manhunt Continues as More Details Emerge in Kirk Assassination

By Emel Akan WASHINGTON — President Donald Trump on Sept. 11 said law enforcement had made “big progress” in the search for conservative commentator Charlie ...

Never Forget – We Remember

By USNN World News The September 11 attacks (often referred to as 9/11) were a series of four coordinated terrorist attacks by the Islamist terrorist group al-Qaeda against the United States on the morning of ...

FBI Says Charlie Kirk Assassin’s Rifle Recovered, Suspect Appears to ‘Be of College Age’

By Jack Phillips The FBI has recovered a “bolt-action, high-powered rifle” in a wooded area near an area where the assassin of conservative commentator Charlie ...

FBI Releases Images of ‘Person of Interest’

By T.J. Muscaro The FBI has shared images of a “person of interest” in connection with the assassination of Charlie Kirk. Person of interest The two images ...

Canelo Alvarez vs. Terence Crawford: Preview, Fight Details, What to Know About Boxing’s Superfight

By Ross Kelly The past several years in boxing has been defined more by events than true boxing matches, as we’ve seen the likes of ...

Witnesses Recount Scene of Charlie Kirk Assassination

By Ryan Morgan Conservative political commentator Charlie Kirk was assassinated on Sept. 10, while speaking in front of a large crowd as part of a ...