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

Former Federal Prosecutor, 43, Found Dead in Virginia Home

By Ryan Morgan Police have launched an investigation after a former federal prosecutor was found dead inside her home in Alexandria, Virginia, on Saturday morning. At ...

Cartels’ Advanced Technology a Growing Threat to US

By Darlene McCormick Sanchez South Texas rancher Antonio Céspedes Saldierna, 74, was driving his pickup on his ranch in Mexico when his vehicle ran over ...

ICE Arrests 68 Tren de Aragua Gang Members

By Naveen Athrappully Federal authorities arrested 68 members of the notorious gang Tren De Aragua this week, according to a new report from the Department ...

Trump Orders Full Access to Unclassified Federal Data for Designated Officials

By Bill Pan In a lesser-noticed executive order issued on March 20, President Donald Trump directed federal agencies to grant his designees complete access to ...

Trump Says He Will Personally Cover Returned Astronauts’ Overtime Pay If NASA Doesn’t

By T.J. Muscaro NASA astronauts Butch Wilmore and Suni Williams should be paid more after their eight-day test flight of the Boeing Starliner spacecraft turned ...

DOGE Official Says IRS Can’t ‘Perform Basic Functions’ Without Billions for Consultants

By Jack Phillips A Department of Government Efficiency (DOGE) representative said that the IRS has a number of decades-old, infrastructure-related problems and said that recent ...

Trump Takes 2-Pronged Approach to Reduce Education Department

By Aaron Gifford During an Oval Office meeting earlier this year, President Donald Trump’s plans for the Department of Education appeared ambiguous. He didn’t rule out ...

JFK Files Leave Researchers With More Questions Than Answers

By Travis Gillmore WASHINGTON—Thousands of pages of documents related to the assassination of President John F. Kennedy on Nov. 22, 1963, were released late in ...

Trump Signs Order to Ramp Up US Production of Critical Earth Minerals

By Jacob Burg President Donald Trump signed an executive order on March 20 to boost the mining and production of critical minerals in the United ...

68 Bridges Nationwide Need Urgent Evaluation in Wake of Baltimore Bridge Collapse, Says NTSB

By Rachel Acenas The National Transportation Safety Board (NTSB) issued an urgent safety recommendations to 30 owners of 68 bridges across 19 states to assess ...

Social Security Announces Cost Cutting Initiative Following Audit

By Naveen Athrappully The Social Security Administration (SSA) on March 19 announced a plan to reduce costs and enhance security measures following stakeholder feedback and ...

Trump to Sign Order to Eliminate Department of Education

By Zachart Stieber and Emel Akan WASHINGTON—President Donald Trump is expected to sign an executive order on March 20 that will facilitate the dismantling of ...