Executive Branch - USNN World News

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

Healthcare

Kodak lands $765M US loan under Defense Production Act to boost drug production

by USNN World NewsAugust 3, 2020August 28, 2024

NATIONAL NEWS

The Lawsuits Targeting President-elect Trump

By Sam Dorman the_lawsuits_targeting_presidentelect_trumpDownload

Death Toll Rises to 10 as Thousands of Homes Destroyed in LA Fires

By Guy Birchall At least 10 people have now been killed and thousands of homes destroyed by the wildfires ravaging the Los Angeles area, LA ...

Trump Sentenced With No Penalties, Jail Time in NY Business Records Case

By Sam Dorman and Jacob Burg NEW YORK CITY—New York Supreme Court Justice Juan Merchan on Jan. 10 gave President-elect Donald Trump an unconditional discharge ...

Rep. Lauren Boebert Pushes to Abolish the ATF

By Nathan Worcester Rep. Lauren Boebert (R-Colo.) has joined Rep. Eric Burlison (R-Mo.) in introducing legislation to abolish the Bureau of Alcohol, Tobacco and Firearms ...

Lawmakers Propose Amendment to Congressional Term Limits

By Stacy Robinson Senator Ted Cruz (R-Texas) and Rep. Ralph Norman (R-S.C.) have introduced joint resolutions in the Senate and House respectively, calling for congressional ...

Los Angeles Fires Push Crews to Limits as Critics Blame Government Policy

By Brad Jones As four massive fires engulf Los Angeles, critics are blaming the government for putting lives, homes, and businesses at risk. Amid it all, ...

Trump Suggests Renaming Gulf of Mexico to ‘Gulf of America’

By Samantha Flom President-elect Donald Trump’s list of proposed changes to the world map just got a little longer. Delivering his first public remarks since Congress ...

Homeland Security Inspector General Confirms Audit of FEMA Over Trump Sign Controversy

By Jack Phillips The Department of Homeland Security’s inspector general this week confirmed it is auditing the Federal Emergency Management Agency (FEMA) over concerns that ...

Biden Confirms He’s Considering Preemptive Pardons

By Zachary Stieber President Joe Biden in a Jan. 5 interview confirmed that he is considering whether to issue preemptive pardons. White House officials have said ...

Thousands of Californians Flee Massive Palisades Fire Fueled by Strong Winds

By Jill McLaughlin A fast-moving wildfire erupted in the Southern California coastal city of Pacific Palisades, about 20 miles west of Los Angeles, destroying homes ...

House Speaker Details GOP Plan to Raise Debt Ceiling in Reconciliation Bill

By Tom Ozimek House Speaker Mike Johnson (R-La.) said on Jan. 7 that congressional Republicans plan to raise the nation’s borrowing limit through a party-line ...

Congress Certifies Trump’s Election Victory

By Jackson Richman and Joseph Lord WASHINGTON—The U.S. Congress on Jan. 6 certified President-elect Donald Trump’s electoral victory in the 2024 election, marking the official ...