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

Key Vote Puts Texas Closer to Displaying Ten Commandments in Classrooms

By Jacob Burg The Texas Legislature cleared a major vote on May 24 on a measure that would require the state’s public school classrooms to ...

What to Know About Trump’s Battle With Watchdog Agency Over Federal Spending

By Joseph Lord The stage is set for a constitutional battle between President Donald Trump and a federal watchdog over the extent of presidential authority ...

Americans Are Expected to Set Travel Record on Memorial Day Weekend

By Jacob Burg Between trips along the nation’s highways and byways or flights high in the sky, Americans are determined to travel in what may ...

Trump Signs Order Telling Federal Agencies to Engage in ‘Gold Standard’ Science

By Zachary Stieber President Donald Trump on May 23 signed an order that directs federal agencies to engage in what the White House described as ...

DOGE Says It Completed ‘Major Cleanup’ of Social Security Records

By Jack Phillips The Department of Government Efficiency (DOGE) said in a statement on Thursday that its staff have completed a “major cleanup” of Social ...

Music Talent Agent Among 6 Killed in San Diego Plane Crash

By Rudy Blalock Three members of a prominent music talent agency are among six people presumed dead after a private jet crashed into a military ...

What to Know About Fatal Shooting of 2 Israeli Embassy Staffers in DC

By Savannah Hulsey Pointer Two members of the Israeli Embassy in Washington were fatally shot while leaving an event at a Jewish museum on May ...

38 Attorneys General Urge Congress to Fully Fund 9/11 Health Program

By Bill Pan A bipartisan group of 39 attorneys general are calling on Congress to secure long-term funding of a health care program they call ...

DOJ to End Police Reform Agreements, Investigations Into Departments

By Jack Phillips The U.S. Department of Justice (DOJ) has announced it will end its agreements to secure court-approved settlements with the cities of Minneapolis ...

Trump Unveils $175 Billion Plan for ‘Golden Dome’ Missile Defense System

By Ryan Morgan The Department of Defense has selected a design for President Donald Trump’s Golden Dome missile defense initiative, Trump announced on May 20. “I’m ...

Lawmakers Question Harvard Over Partnerships With Chinese Entities Linked to Genocide

By Catherine Yang House lawmakers are demanding transparency from Harvard University over partnerships with sanctioned groups including those involved in the Chinese Communist Party’s (CCP) ...

244 Arrested in 9-Day Prostitution Sting Operation in Florida

By Jack Phillips Officials in a Florida county announced last week that 244 suspects were arrested during a multi-day operation targeting human trafficking. In a statement ...