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 Praises Student Who Confronts ‘Radical Mobs’ Trying to Shut Down Speech on Campus

By GQ Pan President Donald Trump spoke out against the campus left, praising a young conservative student who stood up to “radical mobs” trying to shut ...

Chaotic 2020 primary battle raises prospect of brokered convention: Could it really happen?

By Paul Steinhauser | Fox News With less than six weeks to go until the Iowa caucuses kick off the presidential nominating calendar, there’s ...

Year in Review: 20 Notable Spygate Developments of 2019

By Ivan Pentchoukov In the saga of “Spygate,” 2019 has shaped up to be the year the tables turned. In the first days of January 2019, ...

Trump Warns California: Fix Homeless Crisis, or Federal Government Will Step In

By Jack Phillips President Donald Trump issued a warning to California and its Democratic governor, Gavin Newsom, as the state grapples with its homeless crisis.ADVERTISING “Governor ...

The Survivors: These Trump officials have weathered controversies from the start – and are still here

By Alex Pappas | Fox News Meet the Trump administration survivors. People like Kellyanne Conway, Stephen Miller and Betsy DeVos joined President Trump’s team at the beginning. They’ve occasionally — or ...

After Impeachment, Pelosi Will Lose House Majority: Trump

By Zachary Stieber House Speaker Nancy Pelosi (D-Calif.) will lose the majority in the House of Representatives, President Donald Trump said on Dec. 23 following ...

Ken Starr Says Impeachment Is Attempt to Overthrow Trump, Criticizes Pelosi for Withholding Articles

By Zachary Stieber Ken Starr, the independent counsel who probed President Bill Clinton, said that the impeachment of President Donald Trump is an attempt to ...

Second Amendment Sanctuary Movement Rises in Wake of More Gun Laws

By Breitbart News BUCKINGHAM, Va. (AP) — A standing-room only crowd of more than 400 packed the meeting room, filled the lobby and spilled into ...

Tim Scott: Trump’s Ukraine call not ‘perfect’ but also not impeachable

By Sam Dorman | Fox News Sen. Tim Scott, R-S.C., said on Saturday that while President Trump’s call with Ukraine wasn’t “perfect,” it also wasn’t impeachable. “It was not in my opinion a ...

Former House Speaker: Democrats Have ‘No Leverage’ by Holding Impeachment Articles

By Jack Phillips Former Speaker of the House Newt Gingrich said the temporary hold on two articles of impeachment against President Donald Trump is “foolish” ...

Trump Campaign Launches ‘Democrats for Trump’ Coalition, Aimed at Disaffected Democrats

By Isabel van Brugen President Donald Trump’s reelection campaign on Dec. 19 launched the “Democrats for Trump” coalition, on the same day Rep. Jeff Van ...

Trump Campaign Official: $10 Million Raised in 48 Hours After Impeachment Vote

By Jack Phillips The communications director for President Donald Trump’s reelection campaign said it raised $10 million in 48 hours after the impeachment vote in ...