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

Twitter Labels NPR as ‘State-Affiliated Media’ as Elon Musk Says It ‘Seems Accurate’

By Jack Phillips National Public Radio (NPR) was listed by Twitter as a “US state-affiliated media” on Tuesday, drawing outrage from staffers at the outlet. Twitter ...

‘The Only Crime That I’ve Committed Is to Fiercely Defend Our Nation,’ Trump Says After Arraignment

By Nathan Worcester and John Haughey PALM BEACH, Fla.—Former President Donald Trump warned that the United States had sunk to the level of the “old ...

Manhattan Prosecutor ‘Overcharged’ Trump, ‘Weak’ Case Could Backfire With Jury: Legal Analysts

By Janice Hisle The sheer number of counts–34 felonies–filed against former President Donald Trump is surprising and appears to be a classic example of a prosecutor ...

READ: Donald Trump’s Indictment

By Zachary Stieber Former President Donald Trump has been indicted on 34 counts of falsifying business records. Trump was indicted by a New York grand jury ...

Trump awarded nearly $122,000 in attorney fees from Stormy Daniels

By WND News Services (FOX NEWS) — Former President Donald Trump on Tuesday was awarded nearly $122,000 in attorney fees from Stormy Daniels, the porn ...

Trump Pleads Not Guilty to 34-Count Indictment

By Ivan Pentchoukov NEW YORK—Donald Trump, former president and frontrunner for the Republican presidential nomination in 2024, pleaded not guilty in New York on April ...

Trump Attorney Announces Plans to File Motions to Dismiss, Alleging Prosecutorial Misconduct

By Gary Bai Joseph Tacopina, a lawyer defending former president Donald Trump in Manhattan District Attorney Alvin Bragg’s hush money case, announced late Monday his ...

Judge Presiding Over Trump’s Arraignment Bars Video Cameras From Courtroom

By Mimi Nguyen Ly Former President Donald Trump’s arraignment won’t be televised after a judge presiding over the case declined a request from media outlets ...

Trump Accuses Manhattan DA of Illegally Leaking Indictment Ahead of Arraignment

By Mimi Nguyen Ly President Donald Trump late Tuesday accused Manhattan District Attorney Alvin Bragg of having illegally leaked the contents of the indictment ahead of ...

A ‘New Phase’ Never Seen Before: Victor Davis Hanson on What Trump Indictment Means for America

By Terri Wu and Jan Jekielek With last week’s indictment of former President Donald Trump, the country has entered an unsettling new era characterized by chronic dysfunction, according ...

CEOs of Multi-Billion Dollar Organization Do Not Make Accounting Entries

By Joe Hoft The corrupt Soros-backed and Obama-connected DA’s office in Manhattan is indicting President Trump by claiming that President Trump is somehow behind accounting ...

The Democrat Party Reportedly Received Half Its Donations from Unemployed Americans, Many Are Elderly Voters Whose Identities May Have Been Stolen – Where’s the Money Really Coming From

By Joe Hoft In 2020 millions were reportedly donated to BLM after George Floyd was killed. At the same time, 20+ police were killed and ...