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

Super Tuesday miracle? Everything is suddenly going right for Biden after near-collapse of campaign

By Tyler Olson | Fox News The comeback kid? Joe Biden may or may not have pulled off a Bill Clinton-style recovery for his primary campaign, but at least for ...

Democracy 2020 Digest: Bloomberg won’t budge as rivals clear field for Biden

By Paul Steinhauser | Fox News Pete Buttigieg and Amy Klobuchar exited the White House race in the past 24 hours – moves that will likely help consolidate moderate Democratic support for former ...

Klobuchar ends 2020 bid, set to join Buttigieg in Biden endorsement ahead of Super Tuesday

By Alex Pappas | Fox News Minnesota Democratic Sen. Amy Klobuchar and former South Bend Mayor Pete Buttigieg – bitter rivals throughout the presidential primary race – are both ending their ...

Kayleigh McEnany: On coronavirus, Democrats play politics while Trump works to protect Americans

By Kayleigh McEnany | Fox News The coronavirus has yet again exposed the strong contrast between President Trump – who is working ardently for the American people – and ...

Soros-Tied Group Run by Top Dem Operatives Promotes Global Leftist Agenda

By Judicial Watch Another influential group aiming to spread leftist billionaire George Soros’ radical global agenda has popped up in the United States. It’s called ...

Florida sees 2 coronavirus cases, DeSantis calls for public health emergency

By David Aaro | Fox News Gov. Ron DeSantis issued an order on Sunday directing a public health emergency in Florida after the state recorded its first two positive cases of the ...

Trump says Buttigieg’s exit a sign Dems trying to stop Bernie Sanders

By Frank Miles | Fox News Moments after former South Bend, Ind., Mayor Pete Buttigieg told supporters he’s ending his presidential campaign Sunday, President Trump said it reflected the growing pressure among more moderate Democrats to ...

Billionaire Republican buys major Twitter stake, may oust CEO amid GOP concerns of bias, reports say

By Gregg Re | Fox News A billionaire Republican megadonor has purchased a “sizable” stake in Twitter and “plans to push” to oust CEO Jack Dorsey among other changes, according ...

Tom Steyer ends campaign after Biden wins South Carolina primary

By Adam Shaw, Nick Givas | Fox News Billionaire and environmental activist Tom Steyer ended his presidential bid on Saturday, after what appears to be a third-place finish in South ...

Buttigieg exits presidential race ahead of Super Tuesday, cementing collapse after strong Iowa showing

By Gregg Re | Fox News Pete Buttigieg told supporters he’s ending his presidential campaign on Sunday, campaign sources confirmed to Fox News, in an abrupt and surprising pullout ...

Warren declares contested Democratic National Convention the ‘final play’

By Gregg Re | Fox News In a head-turning memo Sunday, Sen. Elizabeth Warren’s campaign declared that “the reality of this race” is that “no candidate will likely have a ...

Charlie Kirk blasts Bernie Sanders, says Dem frontrunner ‘does not believe private property is a right’

By Victor Garcia | Fox News Turning Point USA founder Charlie Kirk explored the progressive movement and the rise of Democratic presidential frontrunner Bernie Sanders on “Life, Liberty & Levin” Sunday, ...