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

Trump’s 25 Percent Auto Part Tariff Goes Into Effect

By Tom Ozimek A 25 percent tariff on imported automobile parts took effect on May 3, marking a significant step in President Donald Trump’s effort ...

Key Takeaways From the April Jobs Report

By Andrew Moran Employment growth beat market estimates in April, even as businesses and consumers worry about President Donald Trump’s tariff plans impacting the U.S. ...

Federal Judge Blocks Trump’s Order Against Perkins Coie Law Firm

By Stacy Robinson U.S. District Judge Beryl Howell on May 2 struck down President Donald Trump’s executive order on revoking government contracts of law firm ...

DOJ Alleges Illinois Workplace Privacy Law Infringes Federal Immigration Authority

By Aldgra Fredly The Department of Justice (DOJ) said on May 1 that it has filed a complaint against Illinois and its Department of Labor, ...

House Votes to Repeal Biden-Era Truck Emission Waivers Granted to California

By Naveen Athrappully The House of Representatives passed two resolutions on April 30 repealing waivers issued by the Biden administration to California, which allowed the ...

US Manufacturing Activity Beats Wall Street Estimates Despite Tariff Uncertainty

By Andrew Moran U.S. manufacturing activity contracted for the second straight month in April, but the sector performed better than market forecasts. The Institute for Supply ...

US Tariff Revenues Reach Record $15 Billion in April: Treasury

By Andrew Moran As President Donald Trump’s trade policies take effect, record tariff revenues have begun flowing into U.S. government coffers. According to the April 24 ...

Trump Celebrates 100 Days in Office With Michigan Auto Workers

By Emel Akan and Joseph Lord WARREN, Mich.—In a political rally on April 29 commemorating his first 100 days in office since reclaiming the White ...

Why the US Denied a Request From Mexico for Water

By Autumn Spredemann Mexico’s delinquent water deliveries, in violation of an 81-year-old treaty with the United States, have exposed years of “blind eye” policies, rapid ...

House Panels to Hold Markups That Unveil Details of GOP Bill to Advance Trump’s Agenda

By Arjun Singh WASHINGTON—The U.S. House of Representatives, after returning from its spring recess, is set to begin drafting bills that will authorize funds for ...

At Least 11 Dead After Man Plows Car Into Crowd at Vancouver Street Festival

By Melanie Sun, Omid Ghoreishi and Jacob Burg At least 11 people have been killed and over 20 others injured after a man drove a ...

Trump Says He’ll Choose Between Ken Paxton and John Cornyn in Texas US Senate Race

By Arjun Singh WASHINGTON—President Donald Trump has said that he will endorse a candidate in the U.S. Senate election in Texas in 2026, in which ...