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’s Indo-Pacific Trade Agreement Could Further Strengthen Big Tech Monopolies, Lawmakers Warn

By Joseph Lord A coalition of congressional Republicans are speaking out against President Joe Biden’s proposal for a trade agreement they say could further strengthen ...

Auto Worker’s Union Withholds Support for Biden’s Reelection Campaign Over His EV Policies

By Savannah Hulsey Pointer United Auto Workers (UAW) is delaying its endorsement of President Joe Biden’s reelection campaign, according to a May 2 union memo. The Detroit-based ...

Former Intelligence Heads Brennan, Clapper to Testify to House Panel Over Role in Hunter Biden Laptop Letter

By Savannah Hulsey Pointer Former CIA Director John Brennan and former Director of National Intelligence James Clapper are scheduled to testify before a Congressional panel ...

Florida Legislature Passes Sex-Specific Bathroom Bill

By Katabella Roberts Florida Republicans passed legislation on May 3 that would make it a crime for individuals to use public restrooms that do not align ...

FBI Director Subpoenaed After Whistleblower Reveals ‘Criminal Scheme’ Involving Joe Biden

By Jack Phillips The Republican-led House Oversight Committee on May 3 subpoenaed the FBI for a file alleging that a whistleblower linked President Joe Biden ...

Billionaire Who Funded Lawsuit Against Trump Met With Jeffrey Epstein

By Zachary Stieber The Democrat megadonor who funded a lawsuit accusing former President Donald Trump of defamation met with Jeffrey Epstein at the sex offender’s home. Reid Hoffman, ...

‘Quit Building Big’: Space Force Officials Talk Need for Speed and Agility

By Nathan Worcester Defense officials told senators what they think the United States must do to compete with China and other rivals in space. Time, they ...

IRS Spent $10 Million on Weapons Since COVID-19 Pandemic Began: Watchdog

By Katabella Roberts The Internal Revenue Service (IRS) has been splashing out millions stocking up on guns, ammunition, and combat gear since 2020, according to the findings ...

Trump to Partake in CNN Town Hall

By Jackson Richman Former President Donald Trump, the current frontrunner for the GOP presidential nomination in 2024, is set to participate in a May 10 ...

Biden’s Delayed Offshore Oil and Gas Plan Sparks Pushback From Congress

By John Haughey The U.S. Department of Interior’s (DOI) reauthorization of its five-year National Outer Continental Shelf Oil & Gas Leasing Program is months overdue and ...

Florida May Dodge Catastrophic Seaweed Bullet, Oceanographer Says

By Dan M. Berger In what’s become an annual occurrence, seaweed has begun washing ashore from Miami south to Key West. But a Florida oceanographer says ...

California, New York, Illinois Biggest Losers Amid Exodus to Low-Tax States: IRS

By Bill Pan The latest tax migration data from the Internal Revenue Service (IRS) shows that the exodus of taxpayers from high-tax states continued from ...