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

Defamation Suit Against Trump Funded by Democrat Megadonor, Lawyer Says

By Gary Bai Former President Donald Trump is questioning the “bias and motive” behind a defamation suit against him by a New York writer after ...

Catalytic Converter Conundrum Continues Across the US

By Travis Gillmore Catalytic converter thefts are creating havoc in cities across the country, with thousands of drivers victimized and forced to pay for costly ...

Customers Stop Ordering Bud Light, Says Country Singer and Bar Owner

By Naveen Athrappully The public backlash against Bud Light is growing after the company featured transgender activist Dylan Mulvaney in a promotional campaign, according to ...

Trump Files Motion to Dismiss $30 Million Lawsuit in Death of Officer Brian Sicknick

By Joseph M. Hanneman Former President Donald Trump has filed a motion in federal court to dismiss the $30 million wrongful-death lawsuit brought by the ...

Soros-Backed Prosecutor Fights Attempt to Oust Her From Office

By Janice Hisle A Missouri prosecutor wants a judge to toss out the state attorney general’s unusual attempt to oust her from her elected position. St. ...

Banking Turmoil Caused by SVB Mismanagement, Not Trump-Era Rollbacks: FDIC Official

By Andrew Moran Former President Donald Trump’s loosening of rules in the banking sector in 2018 “had nothing to do with” the failure of Silicon ...

Sen. Tim Scott Launches Presidential Exploratory Committee for 2024 Election

By Savannah Hulsey Pointer Sen. Tim Scott (R-S.C.) announced on April 12 that he’s forming a presidential exploratory committee for 2024, making him one of ...

Trump Sues Former Lawyer Michael Cohen for $500 Million

By Gary Bai Former President Donald Trump filed on Wednesday a civil complaint against his former lawyer Michael Cohen for more than $500 million in ...

Biden Admin Unveils Toughest-Ever Car Emissions Rule in Bid to Force Surge in EV Purchases

By Lawrence Wilson President Joe Biden further accelerated the nation’s switch to electric vehicles by announcing two proposed federal rule changes aimed at reducing greenhouse ...

Court Rejects Bragg’s Request for Restraining Order Against Jordan

By Zachary Stieber Manhattan District Attorney Alvin Bragg’s urgent request to enter a restraining order against Rep. Jim Jordan (R-Ohio) was rejected on April 11, ...

Social Security Faces Backlog of 1 Million Disability Applications

By Lawrence Wilson Persistent underfunding, an aging population, and workforce attrition created a perfect storm that resulted in significant delays in processing applications for Social ...

NY Judge Rules State’s ‘Red Flag’ Gun Law Is Unconstitutional

By Ryan Morgan A judge in New York has ruled that the state’s extreme risk protection order law, which allows law enforcement to temporarily seize ...