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

Biden Administration Starts Giving Evidence to Trump Team in Criminal Case

By Zachary Stieber U.S. prosecutors have begun turning over evidence to former President Donald Trump’s legal team following his being charged with dozens of felony ...

House Digs Deeper Into Chinese-Owned Battery Company’s Rescinded Grant From Biden DOE

By Nathan Worcester House Republicans have voiced worries about the Biden administration’s energy-related spending, questioning a Department of Energy (DOE) official about how a Chinese-owned ...

GOP Divided Over Boebert Forcing Biden Impeachment Vote

By Savannah Hulsey Pointer and Jackson Richman In a move that showed division in the party, House Speaker Kevin McCarthy (R-Calif.) has urged Republican lawmakers ...

House Votes to Censure Rep. Adam Schiff

By Jackson Richman The House of Representatives voted to censure Rep. Adam Schiff (D-Calif.) on June 21, a week after an initial resolution to do ...

Judge Sets Hunter Biden’s Date in Court Over Tax and Gun Charges

By Tom Ozimek A federal judge has scheduled the first court appearance for President Joe Biden’s son, Hunter Biden, who faces tax and gun charges. U.S. ...

RFK Jr. Has Democrats Worried About Appearance at Libertarian Festival

By Alice Giordano The New Hampshire Democratic Party, already reeling from the likely absence of President Joe Biden on the state’s influential primary ticket, has ...

Ex-US Attorney Sounds Alarm on DOJ ‘Violating Its Own Internal Policies’

By Jack Phillips A former U.S. attorney accused the Department of Justice of violating its own internal policies when it came to an agreement with ...

Trump Unveils Plan to ‘Squeeze’ US Spending, Cut Deficit

By Janice Hisle Former President Donald Trump has unveiled a plan to “cut waste, stop inflation, and crush the ‘Deep State‘” of entrenched bureaucrats, his ...

Special Counsel John Durham Testifies to Congress—What to Expect From the Hearing

By Joseph Lord After four years of working out of the public eye, special counsel John Durham arrived to testify before the House Judiciary Committee ...

Pentagon Admits $6.2 Billion ‘Accounting Error’ in Military Aid for Ukraine

By Bill Pan The U.S. Department of Defense on Tuesday said it has overcounted the value of the weapons it sent to Ukraine over the ...

Will the 2024 Election Be Secure? Presidential Candidates Weigh In

By Lawrence Wilson Ballot harvesting. Stuffing ballot boxes. Tampering with voting equipment. Stealing ballots. Censoring candidates. These were some of the concerns raised, notably by ...

Kevin McCarthy Says Hunter Biden’s Plea Deal Could Create Even More Legal Trouble

By Jack Phillips House Speaker Kevin McCarthy (R-Calif.) said that the Department of Justice’s deal with Hunter Biden could trigger more legal trouble for the ...