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

Fani Willis Could Be Disqualified, Judge Says

By Catherine Yang Fulton County Superior Judge Scott McAfee confirmed on Monday that the hearing about misconduct claims against Fulton County District Attorney Fani Willis ...

Houston Church Shooter Identified as Transgender With a Long Criminal History

By Tom Ozimek A shooter who was killed by off-duty cops after opening fire at a Houston megachurch while seemingly using a 7-year-old child as ...

New Evidence Presented by Jeffrey Epstein’s Brother Indicates Death Could Have Been Homicide

By Kos Temenes New evidence in the case of the alleged suicide of convicted child sex predator Jeffrey Epstein could shed new light on his ...

US Should Be ’Stupid’ No More: Trump Calls for End to ‘No Strings’ Foreign Aid

By Melanie Sun Former President Donald Trump has called on the U.S. Congress to stop gifting U.S. aid to foreign nations without any “strings” attached. “From ...

Trump Co-defendant Says Nathan Wade Associate Will Refute Timeline of Fani Willis Relationship

By Caden Pearson Trump co-defendant Michael Roman filed a motion on Friday identifying a witness who could testify that Fulton County’s district attorney and a ...

Mail-In Ballot Fraud Study Finds Trump ‘Almost Certainly’ Won in 2020

By Tom Ozimek A new study examining the likely impact that fraudulent mail-in ballots had in the 2020 election concludes that the outcome would “almost ...

Major Trump Donor Continues to Back RFK Jr., Filings Show

By Austin Alonzo One of the largest donors backing former President Donald Trump is also the biggest financier of Robert F. Kennedy Jr.’s independent run. On ...

House Democrats Unfazed by Biden’s Low Approval, Plan Direct Appeal to Public

By Emel Akan LEESBURG, Va.—House Democrats aren’t concerned about President Joe Biden’s low approval ratings heading into the November election, instead praising the economy and ...

Special Counsel Does Not Charge Biden in Classified Docs Probe, Finds He ‘Willfully Retained’ Materials

By Jackson Richman President Joe Biden will not be criminally charged for allegedly mishandling documents, announced Special Counsel Robert Hur on Feb. 8. “Our investigation uncovered ...

Supreme Court Appears Poised to Back Trump in Ballot Challenge Case

By Catherine Yang and Sam Dorman WASHINGTON—The Supreme Court held the highly anticipated hearing of former President Donald Trump’s appeal to remain on the Colorado ...

‘Zuckerbucks’ Are Gone But Influence Operations Remain, According to Congress Witness

By Austin Alonzo A group that allegedly worked to drive left-leaning voter turnout is gearing up to play a role in the 2024 election, according ...

Trump Civil Fraud Trial Judge Demands Answers on Rumors of Perjury Plea Deal

By Caden Pearson New York Justice Arthur Engoron pressed former President Donald Trump’s legal team on Tuesday for clarification amid a report that the former ...