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

Bernie Sanders’ surge has party elders rattled, as Nevada poised to boost momentum

By Brooke Singman | Fox News Bernie Sanders’ surge in national polls and success in the early-voting states has Democratic Party elders increasingly concerned about the self-proclaimed democratic ...

Bernie Sanders disavows reported Russian efforts to help his campaign

By Alex Pappas | Fox News Sen. Bernie Sanders, I-Vt., disavowed alleged Russian efforts to help his campaign Friday after The Washington Post reported that U.S. officials have determined Moscow is ...

CPAC aims to turn tables on Democrats after impeachment saga

By Brooke Singman | Fox News EXCLUSIVE: CPAC, the premier conservative conference set to kick off outside Washington next week, will aim to turn the tables on Democrats in the ...

Bernie Sanders denounces Dem billionaire after saying he would prefer Trump in 2020

By Sam Dorman | Fox News Sen. Bernie Sanders, I-Vt., is denouncing former Goldman Sachs CEO Lloyd Blankfein after the Democratic billionaire indicated he would vote for President Trump if ...

Bloomberg admits company signed NDAs with 3 women who complained about comments

By Louis Casiano | Fox News Democratic presidential contender Mike Bloomberg announced Friday that he will allow three female former employees of his media company to be released ...

Republican revenge: Record GOP field forms, on 2020 mission to take down ‘socialists’

By Marisa Schultz | Fox News EXCLUSIVE: Republicans are on the rebound. A record number of candidates have filed to run for office in the House and Senate, breaking last cycle’s history-making numbers ...

Jury in Harvey Weinstein’s rape trial deadlocked on 2 counts

By Mariah Haas | Fox News The jury deliberating in Harvey Weinstein’s rape trial indicated Friday that it is deadlocked on two of the most serious charges ...

Top 2020 Dems nearly tapping out campaign coffers, scramble to replenish

By Paul Steinhauser | Fox News LAS VEGAS – Sen. Elizabeth Warren’s upping the ante. The Democratic presidential candidate’s brutal take-down of rival Mike Bloomberg at this week’s prime-time nomination debate not ...

NBC’s Dem debate leaves liberal CNN with lowly viewership

By Brian Flood | Fox News The Democrats’ debate Wednesday night proved to be the latest challenge for struggling CNN. As liberal viewers flocked to NBC and MSNBC for the ...

Trump, energized after Dems’ debate melee, takes rally blitz to Colorado

By Gregg Re | Fox News President Trump was continuing his four-state trip out west Thursday evening with a rally in Colorado Springs, Colo., shortly after signaling he might pardon his ...

Trump says Roger Stone has ‘very good chance of exoneration’ in Las Vegas

By Morgan Phillips | Fox News President Trump blasted Roger Stone’s treatment by the criminal justice system, the Justice Department and the jury forewoman in the GOP operative’s trial Thursday in a ...

Trump signs memorandum diverting more water to California farmers

By Andrew O’Reilly | Fox News President Trump on Wednesday signed a memorandum directing more of California’s scarce water supply to farmers and other agriculture interests in the ...