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

FDA Announces Recall of Dog and Cat Supplements That May Cause ‘Paralysis’ or ‘Death’

By Jack Phillips The manufacturer of cat and dog omega-3 supplements sold under multiple brands said it is recalling products amid concerns they have too ...

Biden Signs Executive Order to Ramp Up Gun Control

By Michael Clements President Joe Biden signed an executive order on March 14 to advance gun-control measures, including a step toward universal background checks, as ...

Trump’s Competitors Seek to Set Themselves Apart Without Scorning MAGA

By Nathan Worcester News Analysis As more Republicans challenge Donald Trump in the race for the party’s 2024 presidential nomination, the former president’s dramatic impact on the ...

Gun Owners of America Aghast at Potential ATF Expansion

By Michael Clements A national gun rights organization is decrying the expansion of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) in President Joe ...

Forget Ukraine, the US Military Should Annihilate the Cartels

By Roger L. Simon Commentary I’m not a great fan of Vladimir Putin, to say the least. (I suppose I have to say that for the ...

Arizona Gov. Katie Hobbs Vetoes Bill Banning Critical Race Theory in K-12 Public Schools

By Ryan Morgan Democratic Arizona Governor Katie Hobbs vetoed a bill this week that would have prohibited schools from teaching the concept of judging an ...

Six Major Changes Made by IRS for 2023 Tax Season

By Naveen Athrappully Tax year 2022 saw multiple changes made by the Internal Revenue Service to tax limits, credits, standard deductions, and so on. With ...

DeSantis Urges Conservatives Never to Surrender to ‘Woke Mob’ in Fiery Iowa Speech

By Tom Ozimek Florida Gov. Ron DeSantis said in speeches in Iowa on Friday that Republicans taking a firm stance in the nation’s culture wars ...

House Freedom Caucus Demands Spending Cuts as Condition for Raising Debt Ceiling

By Lawrence Wilson America is burdened by a “wasteful, woke, weaponized bureaucracy” that must be brought under control, leaders of the House Freedom Caucus said ...

Walmart’s Exodus From Portland Draws Attention to Retail Crime and a Troubled City

By Scottie Barnes Walmart announced in February that it will close its last two stores in the city of Portland, Oregon, by March 24. Though the ...

5 Arrested After Deadly Kidnapping of Americans in Mexico

By Jack Phillips Mexican officials arrested five people in connection to the recent kidnappings and murders of Americans near the U.S.-Mexico border, said the attorney ...

Ex-FBI Agent Charged With Working for Russian Oligarch Played Role in Trump-Russia Investigation

By Ryan Morgan Charles McGonigal, a former FBI agent who was arrested on Monday for alleged ties to a Russian oligarch, was one of the agents who ...