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

Rescuers Search for 11 Missing Girls After Devastating Texas Floods Killed at Least 70

By Jacob Burg Just two days after catastrophic flash floods in central Texas washed away homes and vehicles and left at least 70 people dead, ...

California’s Madre Fire Explodes in Size to Cover 70,800 Acres

By Naveen Athrappully A wildfire in California’s San Luis Obispo County has greatly expanded to now cover almost 70,800 acres with just 10 percent containment, ...

24 Dead, 20 Girls Missing as Flooding Ravages Central Texas

By Tom Ozimek Catastrophic flash flooding triggered by torrential rainfall has left 24 people dead, others missing, and extensive damage across parts of central Texas, ...

Trump Signs ‘Big, Beautiful Bill’ Into Law During July 4 Celebration

By Emel Akan WASHINGTON—President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, celebrating both a major legislative victory and ...

Why Cities and Towns Pick Fireworks, Drones, or Both for Independence Day

By Nanette Holt OCALA, Fla.—To boom or not to boom? That is the question coordinators of big community events face nowadays in planning Independence Day festivities. The ...

House Passes GOP Megabill, Sending Measure to Trump’s Desk

By Joseph Lord, Nathan Worcester, Lawrence Wilson and Jackson Richman WASHINGTON—The House of Representatives on July 3 passed the One Big Beautiful Bill Act to ...

Pentagon Pauses Some Arms Shipments to Ukraine

By Jacob Burg The Pentagon announced on July 2 that it was pausing some shipments of weapons to Ukraine again, following more than three years ...

Trump Megabill Clears Rules Vote After Fiscal Conservatives Persuaded

By Joseph Lord and Nathan Worcester WASHINGTON—After House Speaker Mike Johnson (R-La.) and Republican leaders spent hours scrambling to flip holdouts, President Donald Trump’s One ...

Trump, Noem Say CNN’s Coverage of ICE Tracking App Could Warrant Prosecution

By Tom Ozimek President Donald Trump on July 1 suggested that CNN should face possible prosecution both for reporting on a mobile app that alerts ...

DHS Announces $81.5 Billion in Customs Revenue From Trump’s Tariffs

By Tom Ozimek The Department of Homeland Security said on June 30 that Customs and Border Protection (CBP) has collected more than $106 billion in ...

Senate Passes Megabill With Vance Casting Tie-Breaker

By Joseph Lord, Nathan Worcester, Jackson Richman, Lawrence Richman WASHINGTON—The Senate passed its version of the One Big Beautiful Bill Act at midday on July ...

Suspect in Idaho Ambush Identified, Along With 2 Firefighter Victims

By Rudy Blalock A wildfire call on Canfield Mountain turned into a deadly ambush Sunday when two firefighters were killed and another wounded by gunfire. ...