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

Robert F. Kennedy Jr. Wants His Party Back

By Jeff Louderback On a steamy summer morning, Robert F. Kennedy Jr. strode into a hotel conference room in Columbia, South Carolina, amid a barnstorming ...

Trump Fans to Rally in South Dakota Amid Talk About Governor’s Possible Endorsement, VP Contender

By Janice Hisle RAPID CITY, S.D.—As Gov. Kristi Noem and thousands of fans welcome former President Donald Trump to a sold-out South Dakota GOP rally ...

Nikki Haley Gains Ground in US Presidential Race

By Alice Giordano Former South Carolina Gov. Nikki Haley has been catapulted into a tied position with Florida Gov. Ron DeSantis in one of the ...

EPA Begins Arduous Task Removing Toxic Materials From Areas Devastated by Wildfires in Maui

By Allan Stein The U.S. Environmental Protection Agency (EPA) has begun a phased cleanup of toxic materials from areas impacted by Maui’s wildfires. At the request ...

Kari Lake Has ‘Utmost Confidence’ in Victory After Court Finds Maricopa County Signature Verification Unlawful

By Tom Ozimek Conservative firebrand Kari Lake said she’s highly confident in a legal victory in her upcoming trial after a judge ruled that Maricopa ...

Beer Cans Recovered From a Dumpster Help Send Florida Man to Prison for Life

By Jacob Burg A Florida man has been convicted and sentenced to life in prison for stabbing an unarmed convenience store clerk 73 times. Beer cans ...

Court Finds Arizona’s Signature Matching Process Unlawful in ‘Massive Win’ for Election Integrity

By Tom Ozimek A judge has found that Arizona’s signature matching process for mail-in ballots is unlawful, delivering what the plaintiffs in the lawsuit called ...

Federal, State Lawsuits Seek Constitutional Clarity on ‘Racial Gerrymanders’

By John Haughey It’s a fine litigative line: Gerrymandering by a majority party for political purposes is legal because elections have consequences. But if the ...

Concerns About Auto Workers Strike at Ford, GM, and Stellantis Gain Steam

By Andrew Moran There is growing concern that workers at the Big Three automakers—Ford, General Motors, and Stellantis—will strike when the United Auto Workers (UAW) ...

Judge Skeptical as Prosecutors Claim Trump Georgia Trial Could Take Four Months

By Jack Phillips A Georgia judge handling the trials of former President Donald Trump and 18 co-defendants appeared to be skeptical of prosecutors’ proposals to ...

Utah, Rhode Island Voters Select Nominees for Congressional Contests

By Samantha Flom Special elections held Tuesday in Rhode Island and Utah narrowed the field of candidates for two hotly contested races for U.S. Congress. In ...

Judge Reverses Decision on Motion After Trump Attorneys Say She Broke Court Rules

By Petr Svab Federal District Judge Tanya Chutkan, who oversees the election interference case against former President Donald Trump in Washington, D.C., revoked an earlier approval ...