Executive Branch - USNN World News

Healthcare

Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast

by USNN World NewsAugust 7, 2020August 7, 2020

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

NATIONAL NEWS

RFK Jr. Accuses DNC of Rigging Primaries in Favor of Biden

By Tom Ozimek Democratic presidential candidate Robert F. Kennedy Jr. has accused the Democratic National Committee (DNC) of rigging the presidential primary system to hurt ...

Judge Halts New York Attorney General’s Fraud Trial Against Trump

By Jack Phillips A New York appeals court judge halted the scheduled Oct. 2 trial in New York Attorney General Letitia James’ fraud lawsuit against ...

Hunter Biden Indicted on Felony Gun Charges

By Tom Ozimek President Joe Biden’s son, Hunter Biden, has been indicted in a federal court in Delaware on felony gun charges. Court documents filed in ...

FBI Official Contradicts Whistleblower on Hunter Biden Investigator

By Zachary Stieber An FBI official has contradicted a whistleblower who says the prosecutor investigating President Joe Biden’s son did not have authority to bring ...

2020 Election Fallout: Wisconsin Chief Election Official Facing Imminent Ouster

By Steven Kovac Meagan Wolfe, the administrator of the Wisconsin Election Commission (WEC), has suffered another setback in her struggle to hang on to her ...

New Hampshire Secretary of State Speaks Out on 14th Amendment Challenge to Trump

By Catherine Yang New Hampshire Secretary of State David Scanlan said on Wednesday that there is no legal basis to keep former President Donald Trump ...

‘Battle for Talent Is Intense’: US Air Force Set to Miss Recruiting Goal by 10 Percent

By Ryan Morgan The U.S. Air Force expects to miss its goal of recruiting new active-duty personnel by about 10 percent when the fiscal year ...

Federal Judge Again Declares DACA Program Unlawful

By Caden Pearson A federal judge in Texas on Wednesday declared the revised version of the Deferred Action for Childhood Arrivals (DACA) program illegal. U.S. District ...

McCarthy Juggles Averting Government Shutdown and Biden Impeachment Inquiry

By Jackson Richman and Mark Tapscott Members of the Senate and House of Representatives face a Sept. 30 deadline as they each debate, amend, and ...

Trump’s Federal Trials Won’t Be Televised Under New Rules

By Jack Phillips Former President Donald Trump’s two federal criminal trials will not be broadcasted under new federal rules that were released on Tuesday. A rules-making ...

Unemployment Insurance Fraud During COVID-19 Could Total $135 Billion: Watchdog

By Naveen Athrappully Hundreds of billions of dollars worth of unemployment insurance (UI) payments handed over during the COVID-19 pandemic are estimated to have been ...

Trump Co-defendant Demands Fulton County DA ‘Reveal the Deal’ Offered to Any Witness, Defendant

By Catherine Yang Attorneys for Harrison Floyd, a co-defendant in a Fulton County, Georgia, case against former President Donald Trump and 18 others over their ...