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

Bloomberg News says it will resume ‘normal coverage of the election’ after co-founder exits Democratic race

By Sam Dorman | Fox News Bloomberg News has said it will resume its normal coverage of the 2020 presidential election, abandoning its recently implemented policy of not investigating either ...

Mike Bloomberg suspends presidential campaign after Super Tuesday flop

By Paul Steinhauser, Kelly Phares | Fox News Former New York City Mayor Mike Bloomberg suspended his presidential campaign Wednesday after spending record amounts from his own fortune on an ...

AOC-aligned progressive candidates fall flat in Super Tuesday contests

By James Levinson | Fox News Rep. Alexandria Ocasio-Cortez’s progressive candidates did not have a “super” Tuesday in the first congressional primaries of the 2020 cycle. The Democratic establishment, on ...

Biden roars back: Super Tuesday leaves ex-VP in airtight contest for delegates with Sanders

By Paul Steinhauser | Fox News Get ready for a long and grueling road ahead as Joe Biden and Bernie Sanders battle for the Democratic presidential nomination in a race that could possibly ...

2020 Primaries & Caucuses

By FOX NEWS Democrats 3,330 delegates left Joe Biden 342342 votes 1,991 NEEDED TO WIN Bernie Sanders 233233 votes Elizabeth Warren 2121 votes Michael Bloomberg 2020 votes Tulsi Gabbard 00 votes Amy ...

Hannity rips ‘Quid Pro Joe’ Biden, ‘Mini Mike’ Bloomberg as Super Tuesday results come in

By Joseph A. Wulfsohn | Fox News Fox News host Sean Hannity tore into former Vice President Joe Biden and former New York City Mayor Michael Bloomberg as results from Super Tuesday primary ...

Biden surges to victory across Super Tuesday map, as Sanders claims delegate prize in California

By Gregg Re | Fox News Former Vice President Joe Biden surged to victory in Super Tuesday contests across the South and beyond, while Sen. Bernie Sanders, ...

Biden projected to win Virginia and North Carolina, Sanders claims victory in home-state Vermont

By Gregg Re | Fox News Former Vice President Joe Biden will win the Virginia and North Carolina Democratic presidential primaries, Fox News projects, as the candidate notches two early ...

Stu Varney’s Super Tuesday prediction: ‘I’m going to tread on dangerous ground’

By Matt London | Fox News Fox Business host Stuart Varney predicted that Sen. Bernie Sanders I-Vt., will emerge as the obvious leader in the race for the Democratic Party’s nomination for president after ...

Super Tuesday guide: The states, the stakes, who’s in contention and more

By Tyler Olson | Fox News Tuesday is the most important day in the 2020 presidential race so far. With 1,357 pledged delegates — 34 percent of the nationwide total — up ...

Hillary Clinton goes after Bernie Sanders again: His campaign is ‘just baloney’

By Julia Musto | Fox News Doubling down on comments made in a Hulu documentary she had filmed before the 2020 primary season, former Secretary of State Hillary Clinton said Tuesday that Vermont Sen. Bernie Sanders’ campaign ...

Kayleigh McEnany: Why people will be ‘stunned’ by Trump’s support on Election Day

By Joshua Nelson | Fox News After an electrifying rally in North Carolina, Trump campaign national press secretary Kayleigh McEnany said on Tuesday that the Trump coalition among minorities ...