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

9 People Who Allegedly Double Voted in 2018 Election Are Referred for Prosecution: Officials

By Zachary Stieber Nine people allegedly voted twice in the 2018 general election, Iowa officials said this week. The nine people were referred to prosecutors in ...

Biden clarifies remark that he will not comply with Senate subpoena

By Adam Shaw | Fox News Former Vice President Joe Biden on Saturday sought to “clarify” his prior remarks that he will not comply with a potential subpoena to ...

Warren sees sharp drop in quarterly fundraising, ‘a good chunk behind’ last quarter, campaign says

By Joseph A. Wulfsohn | Fox News Sen. Elizabeth Warren, D-Mass., may have found a lump of coal in her Christmas stocking, as her campaign’s fundraising efforts reportedly ...

Soledad O’Brien slams Brian Stelter, CNN for booking guests who ‘intentionally lie’ on air

By Joseph A. Wulfsohn | Fox News Anchor-turned-media exec Soledad O’Brien blasted CNN and its chief media correspondent, Brian Stelter, for the network’s practice of booking guests who “intentionally” lie ...

McConnell hit for impeachment coordination with Trump – but Dems did the same with Clinton

By Adam Shaw | Fox News Senate Majority Leader Mitch McConnell has come under fire from Democrats, and at least one Republican, for his coordination with the White ...

Jeffrey Epstein’s alleged madam Ghislaine Maxwell under FBI investigation

By Barnini Chakraborty | Fox News Ghislaine Maxwell, the longtime friend and alleged enabler of disgraced sex trafficker Jeffrey Epstein, is being investigated by the FBI, according to a ...

Ben Carson: I hoped to find more ‘urgency in the leadership’ in California on homelessness

By Charles Creitz | Fox News Housing and Urban Development Secretary Ben Carson said Thursday that California’s government is not showing “urgency” in finding constructive solutions to ...

NBC News Chuck Todd ripped for ‘embarrassing, enraging’ comments about disinformation

By Brian Flood | Fox News NBC News host Chuck Todd is under fire for saying Republicans have “an incentive structure to utter the misinformation” related to Russia in ...

Elizabeth Warren’s wealth tax plan torched by GOP financier

By Joshua Nelson | Fox News Presidential candidate Elizabeth Warren’s wealth tax plan would be devastating to the people forced to pay it, Republican financier Dan Palmer ...

From Ukraine to Virginia: The top 7 political scandals of 2019

By Adam Shaw | Fox News As 2019 comes to a close, so does another year of jaw-dropping, and in some cases historic, political ...

Republicans fume over Dem threat of new impeachment articles: ‘Time to cut them off’

By Ronn Blitzer | Fox News Republicans ratcheted up their accusations that Democrats are overplaying their impeachment hand after court filings from the House ...

Poll: Voters View Impeachment as Dead on Arrival in Senate

By Jack Phillips A new poll has found that most Americans believe President Donald Trump will not be removed from office during the Senate impeachment ...