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

Trump jabs at Dems, Mitt Romney with ‘Love Hurts,’ ‘Democrat secret asset’ videos

By Joseph A. Wulfsohn | Fox News President Trump targeted Sen. Mitt Romney, R-Utah., and congressional Democrats in a string of videos posted to his Twitter account Wednesday — the day ...

Rep. Doug Collins: Trump will be ‘acquitted for life’, impeachment will go down as ‘sad time’ in history

By Yael Halon | Fox News Rep. Doug Collins, R-Ga., one of numerous House Republicans on President Trump’s legal defense team, told the “Brian Kilmeade Show” Wednesday that the Democrats’ impeachment efforts will go down ...

Trump honors one of the last surviving Tuskegee Airmen during State of the Union address

By Talia Kaplan | Fox News During President Trump’s State of the Union address to Congress on Tuesday night, he honored one of the last surviving Tuskegee Airmen, who stood with his ...

Trump’s ‘Great American Comeback’ helping low-income workers prosper, president says

By Brittany De Lea FOXBusiness A ‘blue-collar boom’ has resulted in faster wage growth and millions of new entrants into the U.S. labor force. As President Trump discussed the U.S. ...

Rush Limbaugh receives Presidential Medal of Freedom at Trump’s State of the Union address

By Joseph A. Wulfsohn | Fox News A visibly stunned Rush Limbaugh was awarded the Presidential Medal of Freedom at President Trump’s State of the Union address Tuesday night, in an ...

Trump takes on ‘radical left’ in defiant and dramatic State of the Union address; Pelosi rips up speech

By Gregg Re | Fox News President Trump went on the offensive against socialism and left-wing policies during his third State of the Union address to Congress Tuesday ...

President Donald Trump delivers his State of the Union Adress on Tuesday night to both chambers of Congress in Washington.

By Jack Phillips The event started at 9 p.m. ET, where the president touted the U.S. economic recovery in a key moment ahead of the 2020 ...

Fox News outdraws liberal networks CNN, MSNBC during Iowa caucuses

By Brian Flood | Fox News Fox News averaged 4.3 million viewers during primetime on Monday night to dominate cable news during coverage of the bungled Iowa caucuses. Fox’s coverage, co-anchored ...

Rush Limbaugh to attend State of the Union address, receive Presidential Medal of Freedom soon, source says

By Joseph A. Wulfsohn | Fox News Talk radio icon Rush Limbaugh is expected to attend President Trump’s State of the Union address Tuesday night, where the president ...

Trump’s job approval rating rises to 49 percent amid impeachment, highest since taking office, Gallup says

By Ronn Blitzer | Fox News New polling by Gallup reveals that President Trump’s approval rating is at an all-time high, as he prepares to deliver his third State of ...

Iowa Dem party blames caucus fiasco on ‘coding issue,’ vows to release results ‘as soon as possible’

By Paul Steinhauser | Fox News DES MOINES, Iowa – The morning after a technical meltdown delayed the reporting of the Iowa caucus results – causing chaos in the ...

Liberal students reflexively reject Trump quotes, even though they’re from Democrats

By Julia Musto | Fox News Cabot Phillips: College students think 2020 Dem comments came from Trump Campus Reform Editor-in-Chief Cabot Phillips spoke with ‘Fox & Friends’ about ...