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

Nevada Has Both a GOP Primary and Caucuses This Week—Here’s What to Know

By Janice Hisle This year’s presidential preference contest in Nevada will be one of its strangest. Rebelling against a Democrat-led change in state law calling for ...

Elon Musk Says ‘Outrageous’ Biden Plan on Illegal Immigration Is to Impose ’One-Party’ Rule in America

By Tom Ozimek Elon Musk is alleging that President Joe Biden’s overarching strategy on the border since he took office is to let in as ...

Donald Trump Won’t Reappoint Fed Chair Jerome Powell Because ‘He’s Political’

By Andrew Moran Federal Reserve Chair Jerome Powell will not be reappointed to a third term as head of the U.S. central bank, says former ...

Donald Trump Leads Joe Biden in 2023 Fundraising: Filings

By Austin Alonzo Former President Donald Trump and his main allied political action committee raked in about $10 million more in campaign contributions than President ...

House Passes Bipartisan $78 Billion Tax Relief Bill

By Jackson Richman The House passed a bill on Jan. 31 aimed at providing tax relief for families with children and for small businesses. The final ...

DA Fani Willis Countersued in Trump Case, Subpoenaed to Testify About ‘Improper’ Spending, Relationship

By Catherine Yang An attorney representing one of the defendants in the high-profile election racketeering case, which Fulton County District Attorney Fani Willis is prosecuting, ...

Speaker Johnson Sounds Alarm Over Border Crisis in First House Floor Speech

By Jackson Richman Nearly 100 days after being unanimously elected House Speaker, Mike Johnson (R-La.) used the occasion of his first speech on the House ...

RFK Jr. Signals Potential Presidential Run as a Libertarian

By Jeff Louderback While his effort to get on the ballot in all 50 states and the District of Columbia as an independent continues, Robert ...

Ex-IRS Contractor Who Leaked Trump’s Tax Returns Sentenced to 5 Years in Prison

By Sam Dorman and Caden Pearson WASHINGTON—A former contractor for the IRS was sentenced to five years in prison on Jan. 29 for leaking tax ...

First US Soldiers Killed Since Gaza War Started, Pentagon Announces

By Jack Phillips Three American servicemembers were killed early on Jan. 28 in a drone attack on a small U.S. base in Jordan, the Biden ...

Arizona GOP Selects New Chair After Attempted Kari Lake Bribery Scandal

By Naveen Athrappully The Arizona Republican Party selected a new Trump-supported chair on Jan. 27 after the former chair resigned following a bribery controversy. “We proudly ...

Elon Musk Critical of Biden’s Push for Border Deal: ‘No Laws Need to Be Passed’

By Tom Ozimek President Joe Biden’s call for a bipartisan Senate deal to tackle the border crisis drew criticism from Tesla CEO Elon Musk, who ...