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

Ghislaine Maxwell secretly married but won’t reveal husband’s name, prosecutors say

By The New York Post The bombshell detail was divulged as prosecutors accused her of purposely hiding her wealth. Ghislaine Maxwell is secretly married — and refusing ...

St. Louis homeowner who faced down protesters with rifle believes Trump intervened to protect his community

By Yael Halon | Fox News ‘I think we got help from the very top,’ Mark McCloskey told Sean Hannity. Missouri attorney Mark McCloskey, who along with his wife Patricia brandished legally ...

Portland’s unrest continues for six straight weeks with no apparent end in sight

By Danielle Wallace | Fox News Portland has been more than $23 million in losses due to looting and rioting. The death of George Floyd triggered a wave of protests and ...

Ghislaine Maxwell denied bail: Judge determines Epstein cohort is ‘substantial flight risk’ because of wealth, ‘foreign connections’

By Barnini Chakraborty, Marta Dhanis | Fox News Maxwell is charged with conspiracy and perjury in a multi-state sex trafficking ring involving three unnamed minors between 1994 and ...

Bari Weiss quits New York Times after bullying by colleagues over views: ‘They have called me a Nazi and a racist’

By Brian Flood | Fox News Her resignation letter said ‘the lessons that ought to have followed the (2016) election…have not been learned’. New York Times opinion columnist ...

Lawrence Jones on 1-year-old’s death in NYC: Shouldn’t be this hard for GOP to defeat ‘incompetent’ Dems in cities

By Julia Musto | Fox News Jones says history will remember who takes action to combat gun violence in large cities It should not be hard for the Republican ...

Radio host who ignited Goya ‘buy-cott’ movement: ‘It looks like love is winning’

By Talia Kaplan | Fox News Radio host Mike Opelka says he’s ‘trying to fight anger with love’. Radio host Mike Opelka, who ignited the Goya “buy-cott” movement, told ...

Cuomo takes heat over internal nursing home report

By Ronn Blitzer | Fox News New York Gov. Andrew Cuomo is facing backlash from the scientific community and others for using a state report that backed up his ...

Local governments weigh major tax hikes to plug coronavirus-induced shortfalls

By Ronn Blitzer | Fox News Homeowners, beware. State and local governments scrambling to raise money during the economic crisis caused by the coronavirus pandemic are looking to increased property taxes — ...

Harmeet Dhillon: Where was the outrage when Obama commuted sentence of convicted terrorist?

By Joshua Nelson | Fox News Trump commuted Roger Stone’s sentence days before he was to begin serving a 40-month prison term. Attorney Harmeet Dhillon said on Monday ...

Flynn could reprise Trump campaign role, as he fights to clear legal cloud

By Brooke Singman | Fox News Flynn could be welcomed back in a surrogate role or as an opener for Trump’s campaign rallies, report says. Michael Flynn, after fighting ...

Ayaan Hirsi Ali blasts Ilhan Omar over call to remake US, says ‘I don’t think we need a revolution’

By Charles Creitz | Fox News Human rights activist asks, ‘Why flee from Mogadishu … and do all your best’ to turn US into Mogadishu? Somalia-born human rights ...