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

Virginia’s General Assembly Elections Drawing Intense National Interest, Money

By John Haughey More than 320,000 Virginians have cast ballots in the commonwealth’s Nov. 7 local and state elections, which are being closely watched nationwide ...

Trump Breaks Silence on Biden Family’s $200,000 ‘Direct Payment’ to Biden

By Tom Ozimek Former president Donald Trump has weighed in on what congressional investigators say is a $200,000 “direct payment” made to President Joe Biden, ...

Record Number of Illegal Immigrants Pour Across US–Mexico Border

By Tom Ozimek A record number of illegal immigrants crossed the U.S.–Mexico border in September, new data from U.S. Customs and Border Protection (CBP) indicates. Last ...

Here Are the Republicans Running for House Speaker

By Caden Pearson A handful of House Republicans have announced their bids for the speakership, while others weigh up their chances, after Rep. Jim Jordan ...

Republicans Tout $200,000 Direct Payment to Joe Biden as Possible Evidence of Wrongdoing

By Tom Ozimek Rep. James Comer (R-Ky.), chair of the House Oversight Committee, has released evidence of a questionable direct payment to President Joe Biden ...

Ramaswamy Accuses GOP of Silencing Debate on Israel

By Nathan Worcester In recent appearances on X, formerly Twitter, Vivek Ramaswamy questioned what he characterized as a stifling hostility to debate among Republicans on ...

Massachusetts’s New Crackdown Bill Imposes ‘Unprecedented Gun Control’

By Naveen Athrappully Massachusetts House lawmakers approved a measure on Oct. 18 that would tighten the state’s firearm laws and crack down on unregistered “ghost ...

World’s Electric Grids Incapable of Supporting Renewable Energy Goals: Agency

By Naveen Athrappully Electricity grid capacity available in the world isn’t keeping pace with the rapid growth of “clean energy” technologies, possibly putting governments’ climate ...

Jordan Loses Speaker Bid on Second Try

By Jackson Richman and Emel Akan Rep. Jim Jordan (R-Ohio) will try on Oct. 18 for a second time to become second in line to ...

Sen. Ted Cruz Says RFK Jr. Needs Secret Service Protection, Questions DHS Denial

By Naveen Athrappully Sen. Ted Cruz (R-Texas) sent a letter to Department of Homeland Security (DHS) Secretary Alejandro Mayorkas on Monday, questioning why the agency ...

Major Donor Stops Donations to UPenn Over Its Response to Hamas Attacks on Israel

By Samantha Flom Former U.S. Ambassador and Utah Gov. Jon Huntsman, a longtime donor to the University of Pennsylvania, notified his alma mater on Oct. ...

New York Delivers Major Blow to Green Energy Development

By Jack Phillips New York’s state government rejected requests from offshore wind energy developers who asked to re-negotiate contracts amid elevated inflation and rising costs. The ...