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

Sidney Powell Accuses Fulton DA of Prosecutorial Misconduct

By Jack Phillips Former federal prosecutor Sidney Powell on Wednesday accused the team of Fulton County District Attorney Fani Willis of engaging in prosecutorial misconduct ...

700 Pages of New Whistleblower Information Point to Heated 1st Biden Impeachment Inquiry Hearing

By Mark Tapscott Mountains of evidence Republicans claim point to a decade and more of influence peddling and financial fraud involving President Joe Biden, his ...

Mobs of Teens Loot Philadelphia Stores

By Beth Brelje Philadelphia police are calling the Sept. 26 evening looting of stores by teenagers in several areas a “coordinated attack.” Mobs of masked teens ...

Hollywood Celebrity Support Growing for RFK Jr. Presidential Bid

By Jeff Louderback Celebrities who include Hollywood A-listers are endorsing Robert F. Kennedy Jr.’s 2024 presidential bid. Pierce Brosnan, best known for his portrayal of James ...

Trump Issues Lengthy Statement After New York Fraud Ruling

By Catherine Yang Former President Donald Trump denounced the fraud ruling against him as an attack on his family, issuing a statement after making several social ...

House Releases New Information From Whistleblowers on Hunter Biden Probe

By Zachary Stieber A U.S. House of Representatives panel on Sept. 27 released additional information from whistleblowers who worked on the investigation into President Joe ...

McCarthy Races Senate to Field Continuing Resolution, Avoid Government Shutdown

By Lawrence Wilson House Speaker Kevin McCarthy (R-Calif.) will bring a continuing funding resolution to the House floor this week that will allow Congress additional ...

What Happens to Social Security Payments If the Government Shuts Down

By Tom Ozimek The looming government shutdown has some Americans worried about what would happen to their Social Security payments if the end-of-the-month deadline passes ...

Trump Files Motion to Block Special Counsel Jack Smith’s Gag Order Request

By Jack Phillips Former President Donald Trump’s legal team said they oppose a request from the special counsel’s office to place a gag order ...

US Credit Rating Could Be Downgraded If Government Shuts Down: Moody’s

By Naveen Athrappully A shutdown of the U.S. government could end up leading to a credit downgrade and would be seen as proof of poor ...

Trump to Skip Second Republican Debate

By Katabella Roberts Former President Donald Trump will not appear on stage alongside his Republican presidential primary challengers in the second GOP debate after opting ...

Top Ranking Democrat Won’t Call for Menendez to Resign Amid Bribery Charges

By Dorothy Li Senate Majority Whip Dick Durbin (D-Ill.) on Sunday said the recent charges against Sen. Bob Menendez (D-N.J.) “very serious,” but he won’t ...