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

Trump Lawyer: 3rd Indictment ‘Opens Door’ to More Scrutiny of 2020 Election

By Janice Hisle and Jan Jekielek The third indictment of former President Donald Trump could produce unintended consequences for the U.S. Department of Justice (DOJ), ...

Nebraska Sending Soldiers to US–Mexico Border in Support of Operation Lone Star

By Lorenz Duchamps Nebraska Gov. Jim Pillen announced on July 31 that more than 60 Nebraska Army National Guard soldiers will be deployed to the ...

Nationwide Operation Leads FBI to 200 Sex Trafficking Victims, 59 Missing Children

By Katabella Roberts More than 200 sex trafficking victims were discovered during a 14-day nationwide child exploitation and human trafficking operation conducted by FBI agents in ...

DeSantis Invites Harris To Talk About Slavery, But She Rejects the Offer

By Dan M. Berger Vice President Kamala Harris flew to Florida last month to take a shot at Gov. Ron DeSantis, saying the state wanted ...

Congressional Investigation Begins Into Federal Agencies Involved in Crafting ‘Coercive Policies’ to Carry Out Executive Order on Vaccine Mandates

By Matt McGregor The chairman of the Select Subcommittee on the Coronavirus Pandemic has launched an investigation into how four federal agencies carried out the ...

Jack Smith Admits Making False Claim to Court in Trump Case

By Tom Ozimek Special Counsel Jack Smith’s team made a startling admission in its case against former President Donald Trump, acknowledging in a new court ...

The Legal Cases Against Trump Explained

By Petr Svab Former President Donald Trump is running for the White House while facing three indictments and one more criminal investigation. Never before has ...

Trump Indicted on Jan. 6 Charges

By Janice Hisle Former President Donald Trump has been indicted on a third set of felony charges relating to the events of Jan. 6, 2021, ...

Fetterman Reveals Trump Still Strong in Pennsylvania: ‘Trump Signs Everywhere’

By Jack Phillips Sen. John Fetterman (D-Pa.) stated that former President Donald Trump still enjoys significant support in Pennsylvania, adding that he sees “Trump signs ...

IRS Wants State Help With New Tax Return E-Filing Pilot Amid Privacy Concerns

By Tom Ozimek The Internal Revenue Service (IRS) is asking states for assistance with test-driving a new electronic free-file tax return system that will help ...

Biden Rejects Trump-Era Plan to Relocate Space Command HQ From Colorado to Alabama

By Bill Pan The headquarters of U.S. Space Command will remain in Colorado Springs, Colorado, instead of moving to Huntsville, Alabama, the White House confirmed ...

Tensions Rise in Georgia as Trump Case Decision Is Promised During August

By Janice Hisle For months, a Georgia prosecutor has been signaling that indictments could be on the horizon for former President Donald Trump and his ...