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

Pentagon Extends Troop Deployment at US-Mexico Border Through September

By Aldgra Fredly The U.S. Defense Department said Thursday that it will extend the deployment of up to 400 active-duty American troops at the U.S. ...

From One Unapologetic Media Hoax to the Next

By Victor Davis Hanson Joe Biden lied repeatedly when he claimed he knew nothing of his son Hunter’s influence-peddling businesses. The president further prevaricated that he ...

Nikki Haley Says McConnell Should Resign After Freeze-Up, Calls Senate ‘Most Privileged Nursing Home in the Country’

By Tom Ozimek Republican presidential hopeful Nikki Haley called the U.S. Senate “the most privileged nursing home in the country” after 81-year-old Sen. Mitch McConnell ...

Congress Gears Up for Spending Fight as Government Shutdown Looms

By Jackson Richman With the Senate returning next week and the House resuming in two weeks, Congress is bracing for a spending fight as a ...

Lawsuit Uncovers 1,000 Emails Between Hunter Biden Business Firm and Then-VP Father

By Ryan Morgan After being sued by America First Legal (AFL), the National Archives and Records Administration (NARA) has identified more than 1,000 emails exchanged ...

Trump Says Fear-Mongering About New COVID Variants a ‘Lunatic’ Ploy to Rig 2024 Election

By Tom Ozimek Former President Donald Trump on Wednesday accused “left-wing lunatics” of fear-mongering about new COVID-19 variants in order to justify the reintroduction of ...

Arizona to Pay $2.1 Million to Biden Admin Over Makeshift Border Wall

By Mimi Nguyen Ly Arizona has agreed to pay the Biden administration $2.1 million as part of a settlement for a lawsuit the Department of ...

Lawsuit Filed That Puts Joe Biden In Panic Mode

By David Rufful A lawsuit was filed by the Southeastern Legal Foundation to compel the National Archives to turn over the emails containing Joe Biden’s fake alias ...

DC Reaches $5.1 Million Settlement Agreement in Lawsuit Over Gun Rights Violations

By Ryan Morgan The District of Columbia has agreed to pay out a $5.1 million settlement in a class action lawsuit brought by gun owners ...

US to Send Ukraine Another $250 Million in Military Aid After Pentagon Accounting Error

By Mimi Nguyen Ly The Biden administration will be sending $250 million more in weapons and ammunition for Ukraine to support its ongoing counteroffensive against Russia. The ...

Chicago TV News Crew Robbed at Gunpoint While Reporting on a String of Robberies

By The Associated Press CHICAGO—A Chicago television news crew reporting on a string of robberies ended up robbed themselves after they were accosted at gunpoint ...

RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse

By Jeff Louderback Robert F. Kennedy Jr. said that if elected president, he would create a 3 percent mortgage for Americans guaranteed by the government ...