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

House Passes Bill to Require Proof of Citizenship to Vote

By Joseph Lord and Jackson Richman The House on April 10 gave the nod to a bill that would enhance documentation and identity requirements to ...

Six Die After Helicopter Crashes in the Hudson River Near Manhattan

By Jacob Burg A helicopter crashed into the Hudson River just off Manhattan on April 10, killing all six on board, authorities said. The incident occurred ...

FBI Investigates Vandalism of Tesla Charging Station in Washington State

By Bill Pan The Federal Bureau of Investigation (FBI) is investigating an incident that severely damaged a Tesla Supercharger station in Washington state, the latest ...

US Spy Chief Gabbard Starts Task Force to Investigate Intelligence Community

By Jack Phillips Director of National Intelligence Tulsi Gabbard has said she is setting up a task force to cut costs and root out what ...

Appeals Court Rejects Trump Admin’s Bid to Fast-Track Deportations to Third Countries

By Tom Ozimek A federal appeals court has denied the Trump administration’s request to lift a temporary restraining order blocking the government from fast-tracking the ...

Bidding for Gulf Oil Leases Begins in June

By John Haughey Bidding for nearly 100 million acres of offshore oil and gas leases off Louisiana and east Texas will begin in June in ...

Supreme Court Allows Trump Admin to Deport Venezuelan Immigrants Under Wartime Law

By Sam Dorman The Supreme Court granted President Donald Trump’s request to halt a federal judge’s orders preventing his administration from using the Alien Enemies Act ...

Supreme Court Blocks Judge’s Order to Return Man Deported to El Salvador

By Tom Ozimek The Supreme Court has temporarily blocked a lower court order requiring the federal government to return an illegal immigrant deported to El ...

FBI Issues Identity Theft Warning Against Criminals Claiming Tax Refunds

By Naveen Athrappully The FBI issued an alert Wednesday, warning Americans about criminals stealing the identities of taxpayers to file fake returns and claim refunds. “The ...

Cattle Ranch Kid Grows Up Conservative and Goes to Congress

By Jackson Richman As he rumbled along on a tractor on his family’s cattle ranch in Texas, it wasn’t country music playing that helped Brandon ...

US International Trade Deficit Narrows in February

By Naveen Athrappully America’s trade deficit for February narrowed down month-over-month, with exports rising and imports registering a slight decline, according to latest data from ...

Senate Passes Trump’s Agenda Budget Blueprint After Late-Night Voting Session

By Joseph Lord WASHINGTON—The U.S. Senate in the early morning hours of April 5 approved the budget blueprint to advance President Donald Trump’s agenda after ...