Executive Branch - USNN World News

Economy

Trump officials recommend executive action as stimulus talks break down

by USNN World NewsAugust 7, 2020August 7, 2020

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

NATIONAL NEWS

FBI Has ‘Secure’ Workspace in Law Firm That Represents Democrats: Document

By Zachary Stieber The FBI has a workspace in the same law firm that employed the lawyer who took sketchy Donald Trump-Russia claims to the bureau in ...

DeSantis Signs Nearly $110 Billion ‘Freedom First Budget’

By Jannis Falkenstern PUNTA GORDA, Fla.–Gov Ron DeSantis on June 2 signed what he called the “Freedom First” budget totaling almost $110 billion for fiscal year 2022-2023, ...

Election Integrity Group Unveils Findings on Ballot Trafficking in Arizona

By Allan Stein The election integrity group True the Vote presented Arizona lawmakers with cell phone tracking data showing alleged ballot traffickers visited drop boxes in two of the state’s ...

GOP Rep. Displays Guns During Hearing He Says Will Be Banned by Legislation

By Caden Pearson A Republican lawmaker has used his own firearms as an example of how a ban on high-capacity magazines would target common handguns ...

Barr: US Legal System Is ‘Rigged Against Republicans’

By Rita Li Former Attorney General William Barr called the Russiagate “a dirty political trick” against former President Donald Trump and criticized the justice system as “rigged” ...

19,000 Late, Invalid Ballots Were Counted in Arizona 2020 Election: Report

By Beth Brelje With the 2022 midterm elections around the corner, scrutiny of the 2020 election continues to raise questions about election integrity, including a newly identified ...

Five GOP Senators Seek Info From NIH Acting Director on Royalty Payments to Feds

By Mark Tapscott Five Republican senators have asked National Institutes of Health (NIH) Acting Director Lawrence Tabak for a comprehensive accounting of every royalty payment ...

House Judiciary Committee to Consider Gun Control Bill

By Joseph Lord The House Judiciary Committee will meet in an emergency session to mark up a gun control bill that would impose heavy new ...

Biden Administration’s Biofuel Initiative May be Worse for Environment than Gasoline

By Autumn Spredemann Several long-term studies show the impact of increased corn ethanol production has worse environmental consequences in terms of carbon emissions than ordinary ...

Robot Orders Increase 40 Percent in First Quarter Amid Mass Quits, Labor Shortages: Report

By Katabella Roberts Orders of robots increased 40 percent in the first quarter of 2022, amid soaring inflation and labor shortages, according to a new report by ...

US Schools Facing Mass Exodus of Teachers Who Won’t Return This Fall

By Autumn Spredemann With the end of the academic year in sight, an overwhelming number of educators are planning to close the book on their ...

Biden Suggests He Wants to Ban 9mm Pistols

By Jack Phillips President Joe Biden suggested he wants to ban 9mm handguns in remarks to reporters on Monday at the White House’s South Lawn. As he visited ...