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

Republicans Demand Interviews With Hunter Biden Prosecutor, FBI Officials

By Zachary Stieber Top Republicans in the U.S. House of Representatives are seeking interviews with a slew of federal officials involved with an investigation into ...

New York City Now Sheltering More Illegal Immigrants Than Homeless Citizens: Deputy Mayor

By Ryan Morgan New York City is now providing more shelter to non-citizens than to its own homeless resident population, according to the latest assessment ...

Hunter Biden Demanded $10 Million From CCP-Linked Firm for ‘Partnership’ With ‘The Bidens’: Whistleblower

By Samantha Flom Hunter Biden demanded $10 million from a Chinese energy firm linked to the Chinese Communist Party (CCP), promising services from “the Bidens” ...

Disturbing Details Emerge in the Arrest of Transgender Legislator Charged With Child Porn, Exploitation

By Alice Giordano Disturbing details in the arrest of the nation’s first elected transgender legislator and a Massachusetts preschool worker on child exploitation and pornography ...

ANALYSIS: RFK Jr.’s Widespread Appeal Is a Presidential Election Anomaly

By Jeff Louderback Some Democrats say that Robert F. Kennedy Jr. is a fringe candidate who spreads conspiracy theories. Others believe that a surge of ...

Arizona County Elections Director Quits, Accusing Officials of Politicization

By Caden Pearson An Arizona county elections director resigned from her position on Tuesday after accusing officials of politicizing elections and creating a harmful work ...

Trump Sues E. Jean Carroll for Defamation, False Statements After Jury Orders Him to Pay $5 Million

By Katabella Roberts Former President Donald Trump has filed a counterclaim against author E. Jean Carroll, accusing her of defamation and making “false statements” after she alleged ...

Is national security a joke? Bumbling Biden claims he ‘sold a lot of state secrets’

By Bob Unruh Joe Biden’s perspective of America’s national security took on a whole new dimension this week when he said, “I sold a lot ...

US ‘Asleep at the Wheel’ as China Moves to Topple America: Hikki Haley

By Eva Fu The United States is “asleep at the wheel” while communist China has grown into the “most dangerous foreign threat” that is now ...

Gaetz, Greene Announce Move to Defund Director of ATF

By Samantha Flom Reps. Matt Gaetz (R-Fla.) and Marjorie Taylor Greene (R-Ga.) will seek to defund the Office of the Director of the Bureau of ...

Biden Transportation Department Grants $1.7 Billion for Electric and Low-Emission Buses in 46 US States and Territories

By Ryan Morgan The U.S. Department of Transport (DOT) is awarding grants for new electric and low-emission buses in 46 U.S. states and territories for ...

Judge in Trump Documents Case Denies Special Counsel Jack Smith’s Request to Seal Witness List

By Caden Pearson A federal judge on Monday denied special counsel Jack Smith’s request to file a confidential list of 84 witnesses in the classified documents ...