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 ‘In a Much More Dominant Position’ Than in 2016 Race: Former GOP Presidential Campaign Strategist

By Ryan Morgan Former President Donald Trump is in a stronger position so far in the 2024 Republican presidential primary race than he was in ...

RFK Jr. Decries Biden Admin’s Withholding of Some JFK Assassination Records

By Alice Giordano On the afternoon of Friday before arguably one of the busiest holiday weekends in America, the Biden administration issued a memo announcing that due ...

IN-DEPTH: The 11 Senate Seats Most Likely to Flip in 2024

By John Haughey There will be 34 U.S. Senate seats on ballots across the nation in November 2024, including 20 held by Democrats, three by ...

National Archives Releases Most, but Not All JFK Files: ‘We Protect What We Must’

By Samantha Flom More than 99 percent of the classified documents surrounding the 1963 assassination of the late President John F. Kennedy have been publicly ...

‘Pushing a False Racist Narrative’: Extremist Educators Not Teaching but Indoctrinating, Says Advocate

By Jan Jekielek and Naveen Athrappully Radical leftist ideologies have permeated deep into American campuses, and affected the nation’s educational standards as well as perverted decision-making at the ...

‘My 401K Misses You’: Fans Swarm Trump After Philadelphia Speech

By Catherine Yang Former President Donald Trump was the last and most applauded speaker of the day at the Moms for Liberty summit in Philadelphia on Friday, ...

White House Considering Blocking Sunlight to Prevent Greenhouse Warming

By Naveen Athrappully The White House is suggesting the “possible deployment” of radical climate change techniques like artificially blocking sunlight as part of its climate ...

Federal Court Delivers Blow to ATF’s Ban on ‘Ghost Guns’

By Jack Phillips A federal judge delivered a blow to the Biden administration’s gun control policy by reversing a federal ban on so-called “ghost guns” ...

George Soros’ Foundation Slashing 40 Percent of Staff

By Tom Ozimek George Soros’ foundation, which is now controlled by the billionaire activist’s son, plans to cut 40 percent of its workforce, according to ...

ANALYSIS: Colleges Likely to Seek Workarounds in Aftermath of Ban on Affirmative Action

By Lawrence Wilson The admissions process at many American colleges and universities may be dramatically altered after the June 29 Supreme Court ruling that overturns ...

The Democratic Party ‘Has Lost Its Way,’ RFK Jr. Says at Chicago Town Hall

By Jeff Louderback In the early stages of his 2024 presidential campaign, Robert F. Kennedy Jr. gained support from a broad spectrum of voters, leading ...

Haley Joins 2024 GOP Candidates Who’ve Said They Would Fire FBI Director

By Jackson Richman GOP presidential candidate Nikki Haley has said that she would fire FBI Director Christopher Wray were she to be elected. During a June ...