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

Kari Lake Files New Election Appeal to the Arizona Supreme Court

By Jack Phillips Republican gubernatorial candidate Kari Lake filed an appeal to the Arizona Supreme Court in her election case as she claimed that 8,000 ...

‘Delinquent Millionaires’: IRS Announces Targeting of High-Income Americans for Tax Evasion

By Naveen Athrappully The IRS announced it was planning on pursuing “high-income individuals evading taxes” and claims to have made millions in recoveries at a ...

Bipartisan Lawmakers Vow Reforms to Government’s Secretive Surveillance Power

By Lawrence Wilson The law authorizing warrantless searches of data on U.S. citizens by the federal government has been so consistently abused that it must ...

Nearly 1,000% More COVID Cases in Public Service After Vaccine Mandate, Labor Board Hears

By Noe Chartier Federal public service employees put on leave without pay for refusing mandatory COVID-19 vaccination told a labour tribunal that infections in the ...

Trump Launches 2nd Petition to Quash Fulton County Election Interference Probe

By Ryan Morgan Former President Donald Trump is, for a second time, requesting that a Georgia court shut down an investigation into allegations he interfered ...

House-Passed Defense Bill Unwinds Pentagon’s ‘Woke’ Agenda: Freedom Caucus

By John Haughey The House has adopted its version of the proposed $886.3 billion Fiscal Year 2024 defense budget and dispatched it to the Senate, ...

‘Dangerous Rhetoric’: Hunter Biden Lawyers Tell Trump Cease and Desist Social Media Attacks

By Catherine Yang Hunter Biden’s lawyers have issued a cease and desist to Donald Trump’s legal team, demanding he not post about Mr. Biden anymore ...

Joe Biden’s Public Approval Falls Near Lowest Level, Polls Show

By Naveen Athrappully President Joe Biden’s approval among Americans has slumped to one of its lowest levels while public disapproval has shot up based on ...

House Passes Defense Bill With Restrictions on Abortion, Transgender Procedures

By Tom Ozimek The House on Friday passed a sweeping annual defense bill that includes GOP-led amendments to restrict abortion coverage and transgender procedures, and ...

Republican-led Election Reform Bill Seeks to Avert a Repeat of 2020 Problems

By The Epoch Times The GOP majority in the U.S. House of Representatives is zeroing in on election reform heading into the 2024 presidential contest. According ...

Biden Announces $39 Billion Student Loan Forgiveness for Over 800,000 Borrowers

By Naveen Athrappully The Biden administration has announced a $39 billion student loan forgiveness plan for 804,000 borrowers as part of fixes in “administrative failures” ...

Biden Official a No-Show for Hearing on $200 Billion in Pandemic Relief Fraud

By Mark Tapscott Small Business Administration (SBA) Administrator Isabella Guzman declined to testify at the July 13 House Small Business Committee hearing seeking to understand why her ...