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

House Weaponization Panel Hears FBI Whistleblowers Amid Democrat Delaying Tactics

By Mark Tapscott Democrats on the House Judiciary Select Subcommittee on Weaponization of the Federal Government repeatedly raised parliamentary procedural objections to disrupt the panel’s ...

‘Enveloped in Politicization’: FBI Whistleblowers Reveal ‘Serious Abuses,’ House Report Finds

By Joseph Lord House Judiciary Republicans on May 18 unveiled a whistleblower report (pdf) showing “serious abuse” and misallocations of resources by the Federal Bureau ...

Mayorkas Impeachment Articles Introduced by Rep. Greene

By Joseph Lord Rep. Marjorie Taylor Greene (R-Ga.) on May 17 introduced articles of impeachment against Department of Homeland Security (DHS) Secretary Alejandro Mayorkas. Mayorkas, who ...

Deutsche Bank to Pay $75 Million to Settle Lawsuit Bought by Victims of Jeffrey Epstein: Lawyers

By Katabella Roberts Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit filed by alleged sexual abuse victims of disgraced financier ...

Rep. Jim Jordan Says Congress Must Target FBI’s Budget in Wake of Durham Report

By Caden Pearson Rep. Jim Jordan (R-Ohio) has called for Congress to target the budget of the Federal Bureau of Investigation (FBI) after the release ...

Kari Lake Election Challenge Heads to Trial, Maricopa Voter Signatures Under Scrutiny

By Jack Phillips A three-day trial is scheduled to start Wednesday for Republican candidate Kari Lake to prove that Maricopa County did not properly verify ...

DeSantis Signs Bills Banning Transgender Procedures, Males From Women’s Bathrooms, Forced Pronouns in Schools

By Dan M. Berger Five bills designed to “let kids be kids” were signed into law by Florida Gov. Ron DeSantis on May 17. One outlaws ...

Rep. Greene Introduces Articles of Impeachment Against Garland

By Jackson Richman Rep. Marjorie Taylor Greene (R-Ga.) announced on May 17 that she has introduced articles of impeachment against U.S. Attorney General Merrick Garland ...

Durham Report Shows FBI Repeatedly Hamstrung Clinton Investigations

By Petr Svab FBI officials intervened again and again ahead of the 2016 election to limit agents’ ability to investigate potential criminal activity related to ...

‘Bomb in a China Shop’: AI to Wipe Out Jobs, Create Election Uncertainties, Congress Hears

By Andrew Thornebrooke WASHINGTON—Artificial Intelligence (AI) will drive massive disruptions in the American job sector and contribute to much more fraught election cycles as new ...

McCarthy Says Biden Might Have a ‘Secret Plan’ on Debt Ceiling

By Tom Ozimek As the debt ceiling standoff continues to grip Washington, House Speaker Kevin McCarthy (R-Calif.) said Monday that President Joe Biden might have a ...

GOP Presidential Candidates React to Durham Report: ‘Shut Down the FBI’

By Savannah Hulsey Pointer and Ivan Pentchoukov Two Republican presidential candidates have responded to news that special counsel John Durham’s report further discredits the FBI’s ...