Executive Branch - USNN World News

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

Healthcare

Kodak lands $765M US loan under Defense Production Act to boost drug production

by USNN World NewsAugust 3, 2020August 28, 2024

NATIONAL NEWS

Suspect in Colorado Attack on Jewish Protesters Charged With Federal Hate Crime

By Zachary Stieber The man authorities say carried out an attack on peaceful pro-Israel demonstrators in Colorado on June 1 has been charged by federal ...

Man Throws Firebombs at Pro-Israel Demonstrators in Colorado, 6 Injured

By Joseph Lord The FBI has named the suspect in a violent attack in Boulder, Colorado, as 45-year-old Mohamed Sabry Soliman, who allegedly used a ...

USDA Employee Among 6 Charged in One of the Largest Food Stamp Fraud Cases in US History

By Chase Smith A longtime U.S. Department of Agriculture employee and five others have been charged in a sprawling fraud and bribery scheme that authorities ...

Trump to Hold Press Conference With Musk on His Last Day as DOGE Chief

By Joseph Lord President Donald Trump announced on May 29 that he would hold a press conference the next day with Elon Musk, the outgoing ...

FBI’s Bongino Says He Found Room With James Comey-Era Evidence That Was ‘Hidden From Us’

By Jack Phillips FBI Deputy Director Dan Bongino said on Thursday that his office discovered evidence from former FBI Director James Comey’s tenure in a ...

Tariffs Temporarily Reinstated by Appeals Court, Reversing Lower Court Order

By Jack Phillips A federal appeals court on Thursday temporarily paused a lower-court ruling that struck down President Donald Trump’s tariffs on a wide range ...

What Newly Released UFO Reports by Civilian Pilots Reveal

By Jacob Burg A pilot flying near Ronald Reagan Washington National Airport reported seeing an “unknown phenomenon” strobing and moving as if running on a ...

US-China Tariff Truce Triggers Cargo Stampede, Scramble to Diversify Beyond China: Analysts

By Sean Tseng When word broke on May 12 that Washington and Beijing had agreed to a 90-day tariff pause, containers quickly piled up at ...

Trump Admin Seeks to Cut $100 Million in Federal Contracts With Harvard

By Jackson Richman The Trump administration will request federal agencies to cut off their contracts with Harvard University in response to what it says is ...

Lesser-Known Provisions of the House-Passed ‘Big Beautiful Bill’

By Joseph Lord Following its passage by the House in the early morning hours of May 22, the One Big Beautiful Bill Act—the vehicle to ...

Trump Honors America’s Fallen Heroes in Memorial Day Address

By Emel Akan WASHINGTON—Standing before the rows of white marble headstones at Arlington National Cemetery in Virginia on May 26, President Donald Trump delivered his ...

Speaker Johnson Says Budget Bill Act Won’t Trigger More Federal Spending

By Jack Phillips House Speaker Mike Johnson (R-La.) said that the budget bill endorsed by President Donald Trump that passed in the House last week ...