Executive Branch - USNN World News

National Security & Defense

China opposes US orders against TikTok, WeChat, to defend interests

by USNN World NewsAugust 7, 2020June 20, 2024

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

Presidential Actions

Trumps weighs executive action to suspend evictions, payroll tax

by USNN World NewsAugust 4, 2020October 14, 2024

National Security & Defense

Missing sailors rescued from Pacific island after SOS signal spotted in the sand

by USNN World NewsAugust 4, 2020August 4, 2020

Economy

White House considering unilateral actions with coronavirus aid bill stuck in Congress

by USNN World NewsAugust 3, 2020August 3, 2020

Healthcare

Kodak lands $765M US loan under Defense Production Act to boost drug production

by USNN World NewsAugust 3, 2020August 28, 2024

NATIONAL NEWS

Dartmouth, Northwestern, Rice, Vanderbilt Universities Agree to $166 Million Settlement in Price-Fixing Lawsuit

By Naveen Athrappully Four universities have agreed to settle a class-action lawsuit that accused them of engaging in price-fixing admission fees and reducing financial aid ...

Trump Jabs Haley Over Big Donor Loss After Home State Defeat

By Janice Hisle CHARLESTON, S.C.—Before he handed candidate Nikki Haley a double-whammy defeat, breaking two records in her home state on Saturday, former President Donald ...

Trump Lawyers Argue Fani Willis Needs to Testify Again Over Phone Evidence

By Jack Phillips Former President Donald Trump’s lawyers on Sunday afternoon fired back in court against Fulton County District Attorney Fani Willis’s latest filing that ...

Top Republican Reveals New ‘Whistleblower’ in Fani Willis’s Office

By Jack Phillips Rep. Jim Jordan (R-Ohio) revealed on Feb. 23 during the Conservative Political Action Conference (CPAC) that there is a whistleblower in the ...

Trump Easily Defeats Haley in South Carolina, Her Home State

By The Epoch Times Staff Trump cruised to victory in the Palmetto State, with the race called moments after polls closed. Haley, however, has vowed ...

Delegate Math: Haley Campaign Days Are Numbered

By John Haughey Regardless how many delegates, if any, Nikki Haley earns in Feb. 24’s South Carolina Republican primary, the former United Nations ambassador’s presidential ...

Trump Private Investigator: New Phone Data Casts Serious Doubt on Fani Willis Relationship

By Jack Phillips Former President Donald Trump’s Georgia attorneys hired a private investigator to obtain calls between the Fulton County district attorney and her special ...

Muskegon Voter Registration Probe: Michigan Election Integrity Group Wants to Know What Happened

By Steven Kovac Pressure is mounting for action concerning a 2020 incident in which Brianna Hawkins, an employee of GBI Strategies, a campaign services vendor, ...

NY Court Strikes Down Law That Let Noncitizens Vote in Local Elections

By Tom Ozimek A state appeals court on Feb. 21 declared as unconstitutional a New York City law permitting noncitizen voting in local elections—a victory ...

Lara Trump Vows Largest-Ever Legal ‘Ballot Harvesting’ Operation If Elected RNC Co-chair

By Janice Hisle NORTH CHARLESTON, S.C.—Lara Trump says efforts of “historic” proportions are needed to ensure that Republicans, including her father-in-law, former President Donald Trump, ...

Hunter Biden Says DOJ Misrepresented Sawdust as Cocaine to Make Him Look Bad

By Tom Ozimek Attorneys for President Joe Biden’s son, Hunter Biden, have accused “reckless” federal prosecutors of tarnishing their client’s reputation by publicly releasing a ...

Board of Ethics to Take up Ethics Complaints Targeting Fani Willis

By Jack Phillips The Fulton County Board of Ethics in Georgia confirmed Wednesday that it will take up multiple complaints against Trump prosecutor and District ...