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

Appeals Court Allows DOGE to Continue to Downsize USAID

By Matthew Vadum A federal appeals court on March 28 put on hold a lower court order that blocked efforts led by the Department of ...

AG Bondi Says ‘Many Judges’ Should Be Removed

By Jack Phillips U.S. Attorney General Pam Bondi said Thursday that some of the judges who ruled against the Trump administration’s executive orders in recent ...

Department of Justice Issues Rule to Restore Lost Gun Rights

By Michael Clements The U.S. Department of Justice (DOJ) has issued an interim final rule to assume responsibility from the Bureau of Alcohol, Tobacco, Firearms, ...

Top East Coast MS-13 Leader Arrested in Virginia, Officials Say

By Chase Smith A senior leader of the violent transnational gang MS-13 was arrested on March 27 during a coordinated law enforcement operation in Dale ...

US Travel Season Starts With Stronger-Than-Expected Spring Break

By Wesley Brown American motorists and vacationers are hitting the roads and airports in higher-than-expected numbers during the ongoing spring break period. In a statement provided ...

Appeals Court Halts Judge’s Order Requiring Musk to Hand Over DOGE Records

By Tom Ozimek A federal appeals court has temporarily blocked a discovery order from U.S. District Judge Tanya Chutkan that would have required Elon Musk ...

Trump Announces 25 Percent Tariffs on Foreign Cars

By Andrew Moran President Donald Trump on March 26 announced 25 percent tariffs on foreign cars in a move aimed at boosting domestic auto manufacturing. Speaking ...

Nevada Investigates Hundreds of Potential ‘Double Vote’ Cases in 2024 Election

By Jack Phillips Nevada’s Secretary of State’s office is investigating more than 300 cases of possible double votes during the 2024 election, according to a ...

Trump Orders Declassification of FBI’s Crossfire Hurricane Russia Investigation

By Jack Phillips President Donald Trump on Tuesday signed a memorandum to declassify files and documents related to the FBI’s Crossfire Hurricane investigation that probed ...

Republicans Introduce ‘Dismantle DEI Act’ to Bolster Trump Agenda

By Nathan Worcester WASHINGTON—Sen. Eric Schmitt (R-Mo.) and Rep. Michael Cloud (R-Texas) have introduced legislation to complement the Trump administration’s push against diversity, equity, and ...

Think Tank Projects Debt Limit to Be Reached by October at Latest

By Jackson Richman The debt ceiling is set to be reached between mid-July and early October, according to a March 24 projection by the Bipartisan ...

Trump Directs Top Officials to Take Action Against Lawyers Violating Rules

By Zachary Stieber President Donald Trump has ordered two top officials to take action against lawyers and law firms he says are violating the law ...