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

USCIS Rescinds Policy to Allow More Restrictions on ‘Stateless’ Persons

By Arjun Sing WASHINGTON—U.S. Citizenship and Immigration Services (USCIS) has announced that it will rescind a policy adopted during the Biden administration that grants reprieve ...

Musk Begins Decommissioning SpaceX Dragon Amid Fallout With Trump

By T.J. Muscaro Elon Musk announced on June 5 that SpaceX would begin decommissioning its Dragon spacecraft after President Donald Trump appeared to call for ...

Tesla Stock Tanks 14 Percent as Trump-Musk Feud Intensifies

By Andrew Moran Shares of Tesla Motors plummeted on June 5 as the feud between Elon Musk and President Donald Trump intensified. The electric vehicle maker’s ...

Trump Orders Investigation Into Biden’s Executive Actions, Autopen Allegations

By Joseph Lord President Donald Trump has ordered his administration to investigate whether officials in President Joe Biden’s administration misled the American people about Biden’s ...

Trump Bans New Visas for Foreign Nationals From 12 Countries

By T. J. Muscaro President Donald Trump on June 4 issued a full suspension on new visas for foreign nationals from a dozen countries applying ...

Trump Admin Notifies Congress It Is Eliminating US Agency for Global Media

By Jackson Richman The Trump administration has notified Congress it plans to close the U.S. Agency for Global Media (USAGM). In a letter to Senate Foreign ...

Former White House Press Secretary Karine Jean-Pierre Leaves Democratic Party

By Jacob Burg Former President Joe Biden’s longtime White House press secretary, Karine Jean-Pierre, said on June 4 that she has left the Democratic Party ...

Final Resting Place of Captain Cook’s ‘Endeavour’ Confirmed After Decades of Searching

By Crystal-Rose Jones A two-decade-long mission to confirm the final resting place of Captain James Cook’s famed vessel, His Majesty’s (HM) Bark Endeavour, has concluded ...

2 Chinese Nationals Charged With Visa Fraud, Smuggling ‘Agroterrorism Weapon’ Into US

By Catherine Yang Two Chinese nationals, including one who works at the University of Michigan, were charged on June 2 with visa fraud, conspiracy, making ...

US Sends Letters to Trade Partners to Seek ‘Best Offers’ by June 4

By Austin Alonzo The U.S. trade representative is sending “friendly reminders” that a trade negotiation deadline is coming due, White House Press Secretary Karoline Leavitt ...

Boulder Attack Suspect’s Family Taken Into Federal Custody; Deportation May Be Imminent

By Janice Hisle The White House says the family of the suspect in Sunday’s terror attack in Boulder, Colorado, might be deported from the United ...

Supreme Court Declines to Challenge Maryland ‘Assault Weapons’ Ban

By Tom Ozimek The U.S. Supreme Court has declined to hear two high-profile challenges to state gun-control laws—one in Maryland banning semiautomatic rifles such as ...