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

Tim Scott Formally Launches 2024 Presidential Bid

By Joseph Lord NORTH CHARLESTON, S.C.—Sen. Tim Scott (R-S.C.) formally launched his bid for president on May 22 during an event in North Charleston, South ...

US Must Defend Its Pacific Territories Against Chinese Threat: Former NSC Director

By Venus Upadhayaya In light of the growing influence of the Chinese Communist Party (CCP) in the Indo-Pacific, it is imperative for the United States ...

Biden Criticizes Republican Proposal on Debt Ceiling, Says He Won’t Accept ‘Partisan Terms’

By Emel Akan Hiroshima, JAPAN—President Joe Biden took aim at Republicans, claiming that he had done his part in debt ceiling negotiations and that it ...

Florida Congressman Calls Trump ‘Strongest 2024 Candidate’

By Frank Fang Rep. Matt Gaetz (R-Fla.) endorsed former President Donald Trump as the “strongest” candidate among presidential hopefuls in 2024, following Trump’s strong showings ...

‘You Should Go to Jail’: DeSantis Warns Doctors Who Perform Child Sex-Change Surgeries

By Lorenz Duchamps Florida Gov. Ron DeSantis hailed recently signed legislation giving minors who’ve become victims of medical malpractice following gender transition procedures the ability ...

Gen. Flynn Assesses FBI Whistleblower Hearing, Durham Report, and $3 Billion Ukraine Military Aid Mix-Up

By Ryan Morgan Retired U.S. Army Gen. Michael Flynn is warning that the United States needs to address corruption within the highest levels of its ...

Alaska Passes Bill to Limit Govt From Shutting Down Gun Stores During Emergencies

By Bill Pan Alaska’s Republican-led Legislature has passed a bill prohibiting the authorities from singling out firearm and ammunition retailers when they start shutting down ...

FBI Improperly Used Surveillance Program to Spy on Jan. 6 Suspects

By Zachary Stieber The FBI abused its surveillance powers while spying on suspects in the Jan. 6, 2021, breach of the U.S. Capitol and Black Lives ...

The Big Tech Spy Hunt

By Anders Corr Commentary The United States and South Korea are getting tougher on technology leaks. The two countries have extensive tech industries to protect. Most ...

Climate Protesters Disrupt Democrats, Financiers, Big Tech at Energy Summit

By Nathan Worcester The Politico Energy Summit on May 18 revealed a growing fissure between the Biden administration and the left wing of its base, ...

Pentagon Says It Accidentally Overvalued US Military Aid to Ukraine by $3 Billion

By Katabella Roberts Military aid, including weapons and ammunition, sent by the United States to Ukraine was overestimated by at least $3 billion owing to ...

GOP Introduces Resolution to Expel Adam Schiff From Congress

By Dorothy Li Rep. Anna Paulina Luna (R-Fla.) unveiled a resolution Wednesday seeking to expel Rep. Adam Schiff (D-Calif.) from Congress, as she alleges that ...