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

Pro-Biden super PAC warns of ‘doomsday scenario’ for Democrats

By Paul Steinhauser | Fox News MANCHESTER, N.H. – A super PAC supporting former Vice President Joe Biden’s White House bid is urging donors to “dig deep right now” into ...

Lawmakers want to end age discrimination — and that’s good for your wallet

By Greg Iacurci The House of Representatives passed the Protecting Older Workers against Discrimination Act last week in a 261-155 vote. Around 61% of older workers ...

NYC cops ‘declaring war’ on Mayor de Blasio, union says, following ‘assassination attempts’ on officers

By Greg Norman | Fox News A police union says the men and women of New York City’s finest are now “declaring war” on Mayor Bill de Blasio ...

Chinese Military Officers Charged With Stealing 145 Million Americans’ Data in Equifax Hack

By Cathy He U.S. authorities have indicted four members of the Chinese military on charges of hacking the credit-reporting agency Equifax, stealing sensitive personal information of ...

DNC boss Perez says he will ‘absolutely’ not’ resign following Iowa debacle

By Andrew O’Reilly | Fox News Despite facing widespread criticism from prominent members from his own party following the debacle with the Iowa caucus, Democratic National Committee ...

Now NH voters give their final grades

By Kevin Landrigan New Hampshire Union Leader MANCHESTER — Voters have until Tuesday to decide what to make of all the fireworks, personal confessions, one ...

Pompeo warns governors of Chinese infiltration into US: ‘It’s happening in your state’

By Nick Givas | Fox News China’s Communist Party has infiltrated various levels of America’s infrastructure and is working to destroy the values of the United States, Secretary ...

What is millennial socialism?

By Danielle Wallace | Fox News Statistics show socialism is becoming more popular among millennials voters. Here’s some background: Describing themselves as “Democratic socialists,” Sen. Bernie Sanders and freshman Rep. Alexandria ...

Sanders supporters drown out Buttigieg with ‘Wall Street Pete!’ taunts at tense NH event

By Paul Steinhauser | Fox News MANCHESTER, N.H. – The friction between supporters of Bernie Sanders and Pete Buttigieg played out Saturday night as those two candidates — plus other White House ...

Trump will propose big boost for NASA to return astronauts to the moon

By Marisa Schultz | Fox News President Trump is seeking billions of dollars in new funding for NASA aimed at returning astronauts to the moon within four years, according to administration officials. Trump will ...

James Carville rips elitist media, says Dems are ‘losing our damn minds’

By Sam Dorman | Fox News James Carville, a former top adviser to President Clinton, laid out a scathing critique of his party, arguing that it drifted way ...

Biden defends ‘politics of the past,’ as Sanders hit over ‘socialist’ label, Buttigieg’s experience questioned

By Tyler Olson | Fox News Following a vote-counting fiasco at the Iowa caucuses, the Democratic presidential contenders took the stage Friday night in New Hampshire looking ...