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

Meadows: Trump Met With Several Congress Members on Fraud, Will ‘Fight Back’

By Jack Phillips White House chief of staff Mark Meadows said President Donald Trump met with several members of Congress on alleged voter fraud and will “fight back.” “Several members ...

White House Adviser Navarro: 379,000 ‘Possibly Illegal Ballots’ Cast in Michigan

By Jack Phillips White House adviser Peter Navarro claimed in an interview on Monday that more than 379,000 possibly illegal ballots were allegedly cast in Michigan. “My top-line ...

Sen. Ted Cruz: Anyone ‘Involved in Voter Fraud’ Should Be Prosecuted, Jailed

By Jack Phillips Sen. Ted Cruz (R-Texas) told voters in Georgia that anyone who is involved in voter fraud should be jailed and prosecuted. “We are fighting together ...

Beijing ‘Substantially Involved’ in US 2020 Election, China Analyst Says

By Isabel Van Brugen Beijing was “substantially involved” in the U.S. 2020 elections on multiple levels, according to China analyst Gordon Chang, who has described the Chinese Communist ...

Trump: ‘Big News Coming out of Pennsylvania’ About Drop Boxes

By Jack Phillips President Donald Trump on Monday morning announced that there will be “big news” in Pennsylvania as he challenges the election results in the commonwealth. “Big news ...

Trump: ‘We’re Getting Closer and Closer’ to Successful Challenge to Election Results

By Zachary Stieber President Donald Trump alleged Sunday that “we’re getting closer and closer,” in reference to his ongoing challenges to election results in key battleground ...

Flynn: Foreign Intelligence Agencies Were Monitoring US Election, Willing to Provide Information to Trump

By Jack Phillips Former national security adviser Michael Flynn said he was provided information that foreign intelligence agencies were monitoring the U.S. election on Nov. 3 and are willing ...

Lawyer for Sidney Powell to Smartmatic: ‘File Your Lawsuit’

By Jack Phillips Lawyer Lin Wood said he will represent fellow attorney Sidney Powell after voting machine manufacturer Smartmatic demanded that she retract statements alleging the company was involved ...

Trump Campaign Files Supreme Court Challenge to Overturn Election Results in Pennsylvania

By Jack Phillips President Donald Trump’s campaign team on Sunday filed an appeal to the U.S. Supreme Court to reverse cases by the Pennsylvania Supreme Court ...

Rudy Giuliani: Let Team Examine Voting Machines to Prove Trump Won

By Jack Phillips President Donald Trump’s lawyer Rudy Giuliani called on counties in key election states to allow his team to examine voting machines to prove that Trump ...

Arizona County Board Vote Not to Comply With Subpoenas Suggests Something to Hide: Trump Campaign Adviser

By Zachary Stieber The vote by the board of supervisors in the largest county in Arizona not to comply with subpoenas to audit election machines and scanned ballots ...

Treasury Under Fire for Trying to Soften Trump’s Ban on Chinese Securities

By Emel Akan WASHINGTON—A conflict within the Trump administration has come to light over how to implement the president’s new executive order, which protects U.S. investors from “malign” ...