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

DeSantis Chooses Florida AG Ashley Moody to Replace Rubio in Senate

By T.J. Muscaro Florida Gov. Ron DeSantis on Jan. 16 announced that Ashley Moody, Florida’s attorney general, will replace Sen. Marco Rubio in the U.S. ...

California Abandons Regulations Phasing Out Diesel Trucks

By Travis Gillmore California’s Air Resources Board sent a letter on Jan. 14 to the U.S. Environmental Protection Agency, withdrawing its prior waiver request that would ...

California Rep. Judy Chu Urges FEMA to Change Handling of Disaster Assistance Claims

By Katabella Roberts Rep. Judy Chu (D-Calif.) is urging FEMA to change their handling of disaster assistance claims amid the ongoing fires in Southern California, ...

House Passes Bill Banning Men From Women’s Sports

By Stacy Robinson WASHINGTON—The House passed the Protection of Women and Girls in Sports Act on Jan. 14, with a vote of 218-206. The legislation ...

Speaker Johnson Orders Capitol US Flags to Full-Staff on Inauguration Day

By Matt McGregor House Speaker Mike Johnson (R-La.) said on Tuesday that flags at the U.S. Capitol will be returned to full-staff for Inauguration Day ...

Los Angeles Wildfire Victims Eligible for $770 One-Time Federal Payment

By Kimberly Hayek President Joe Biden said on Monday that those impacted by the Los Angeles fires will receive a one-time payment of $770 to ...

Trump Unveils New IRS-Style ‘External Revenue Service’ to Collect Tariffs and Duties From Foreign Countries

By Tom Ozimek President-elect Donald Trump has unveiled plans to create the External Revenue Service (ERS), a new agency modeled after the IRS but aimed ...

24 Dead as Firefighters Race to Contain Los Angeles Wildfires; High Winds Expected to Return

By Jacob Burg Firefighters are racing to contain wildfires in the greater Los Angeles area as forecasters warn of the return of strong winds this ...

13 Trump Appointees Face Confirmation Hearings This Week

By Andrew Thornebrooke More than a dozen of President-elect Donald Trump’s Cabinet nominees will face confirmation hearings in the Senate this week. The back-to-back Senate hearings ...

DOJ Confirms Special Counsel Jack Smith Has Resigned

By Tom Ozimek Special counsel Jack Smith has resigned from the Department of Justice (DOJ), prosecutors revealed in a court filing, with the announcement marking ...

Weather, Power, and Water Issues Persist in Los Angeles’ Eaton Fire Area

By Beige Luciano-Adams LOS ANGELES—Residents eager to return home and survey vast damage wrought by the Eaton Canyon Fire in northeast Los Angeles County will ...

Wildfires and Climate Policies Driving Up California’s Electricity Rates

By Jane Yang Not only are electricity rates in California among the highest in the nation, they’re also growing faster than in other states, according ...