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

March 10 primaries: Here are the states voting, and the delegates at stake

By Tyler Olson | Fox News Democratic primary voters will go to the polls for the first time since Super Tuesday on Tuesday, March 10, in six states. Those voters will ...

Rep. Matt Gaetz slept in Walmart parking lot overnight, confirms he tested negative for coronavirus

By Vandana Rambaran | Fox News Rep. Matt Gaetz, R-Fla., said Tuesday that he tested negative for coronavirus, just one day after going into self-quarantine after he learned he and ...

Hunter Biden cites coronavirus, wife’s pregnancy to avoid deposition until after Election Day

By Gregg Re | Fox News Hunter Biden’s attorneys have abruptly asked the Arkansas judge in his ongoing paternity case to postpone his scheduled March 11 deposition until ...

Dow adds 1,167 points as Trump talks economic initiatives

By Jonathan Garber FOXBusiness U.S. equity markets ebbed and flowed on Tuesday before breaking away with the Dow Jones Industrial Average adding over 1,167 points clawing back ...

Sanders fights for another Rust Belt upset to regain momentum against Biden

By Paul Steinhauser | Fox News Underscoring what’s at stake for his White House bid when Michigan and five other states hold Democratic presidential nomination contests on Tuesday, Sen. ...

Mark Meadows, Trump’s incoming chief of staff, to self-quarantine over coronavirus fears

By Edmund DeMarche | Fox News Mark Meadows, President Trump’s incoming White House chief of staff, may have come in contact with the Conservative Political Action Conference attendee who ...

Trump camp fires back after Twitter labels Biden video ‘manipulated’

By Gregg Re | Fox News EXCLUSIVE: The Trump campaign has sent a scathing letter to Twitter’s leadership after the platform took the unprecedented step of labeling one of its ...

Bernie Sanders, at Fox News Town Hall, hits Clinton for efforts to ‘relive’ 2016, Biden for backing ‘crooks’

By Gregg Re | Fox News As his struggling campaign seeks a big win in Michigan’s Tuesday primary, Bernie Sanders took the stage at a Fox News Town Hall ...

Biden’s brother facing fraud allegations, used family ties to advance business interests: report

By Ronn Blitzer | Fox News A new report reveals legal problems and allegations of possible fraud involving former Vice President Joe Biden’s brother James, in the latest ...

New Jersey security guard arrested over licensed gun, legal ammo

By Stephen Gutkowski | Washington Free Beacon A New Jersey gun owner is fighting charges for carrying a firearm for which he had a permit and ammunition state police ...

Klobuchar ‘ticket’ slip-up at Biden event in Michigan sparks speculation she’ll be his VP pick

By Brie Stimson | Fox News Is her “ticket” punched for a ride on the Biden train? Sen. Amy Klobuchar, D-Minn., sparked vice-presidential speculation Saturday when she said she ...

GOP Rep. Elise Stefanik blasts ‘radical Far-Left’ after finding ‘vile’ note on car while grocery shopping

By Dom Calicchio | Fox News U.S. Rep. Elise Stefanik, a third-term congresswoman from New York State who drew national attention for defending President Trump during impeachment hearings on Capitol Hill last year, ...