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

FBI Discovers Thousands of New JFK Assassination Files After Trump’s Executive Order

By Jacob Burg The FBI has discovered roughly 2,400 new records related to the assassination of President John F. Kennedy (JFK), pursuant to a recent ...

Hawaii Supreme Court Approves Next Steps in $4 Billion Settlement for Maui Fire Victims

By Chase Smith The Hawaii Supreme Court has ruled in favor of finalizing a $4 billion settlement meant to resolve numerous lawsuits related to the ...

DOGE Cuts Now Into the Billions: White House

By Nathan Worcester After three weeks, Elon Musk’s Department of Government Efficiency (DOGE) has made more than $1 billion in cuts, according to numbers from ...

Trump Orders 25 Percent Tariffs on Steel and Aluminum

By Andrew Moran President Donald Trump on Feb. 10 imposed 25 percent tariffs on all steel and aluminum imports. Speaking to reporters on Air Force One ...

DHS Secretary Recommends Trump ‘Get Rid’ of FEMA in Its Current State

By Jack Phillips Secretary of Homeland Security Kristi Noem said she is recommending that President Donald Trump “get rid” of the Federal Emergency Management Agency ...

Trump Signs Proclamation Recognizing Feb. 9 as ‘Gulf of America’ Day

By Aldgra Fredly President Donald Trump signed a proclamation on Sunday declaring Feb. 9 as “the first-ever Gulf of America Day,” following his executive order ...

Musk Says DOGE, Treasury Agree on New Anti-Fraud Measures to Claw Back $50 Billion in Payment Fraud

By Tom Ozimek Elon Musk said on Feb. 8 that the Department of Government Efficiency (DOGE) and the Treasury Department have agreed on new anti-fraud ...

Trump Revokes Security Clearances of More Former and Current Officials

By Melanie Sun President Donald Trump on Saturday revoked security clearances for Antony Blinken, the former secretary of state, and Jake Sullivan, the former national ...

Chinese Nationals in Los Angeles Arrested for Allegedly Smuggling Goods From China

By Frank Fang Two Los Angeles men were recently arrested for allegedly running a scheme to smuggle counterfeit goods from China through Southern California ports, ...

Senate GOP Proposes Constitutional Amendment to Limit Size of Supreme Court

By Matthew Vadum Republicans in the U.S. Senate proposed a new constitutional amendment on Feb. 7 that would prevent federal lawmakers from increasing the number ...

Five Takeaways from Trump’s Briefing with Japan’s Prime Minister

By Travis Gillmore President Donald Trump met with Japanese Prime Minister Shigeru Ishiba on Feb. 7 to discuss trade policies and strengthen military partnership. “Japan is ...

DOGE Has Accessed These Federal Systems in Bid to Tackle Waste

By Jacob Burg Elon Musk’s advisory commission, the Department of Government Efficiency (DOGE), has deployed teams within multiple federal agencies to use technology to cut ...