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

Rick Perry Nominated as Interim Governor of New California State

BY NATHAN SU Rick Perry, the U.S. Secretary of Energy who recently announced that he plans to resign later this year, has been nominated by the ...

Elizabeth Warren Is Theft

By Ben Stein What on earth is Sen. Warren thinking of? What are the mandarins of America’s business community thinking of? Mrs. Elizabeth Warren is ...

Trump Will Win in 2020 Because of Impeachment

By David Catron A failed impeachment will weaken the Dems, strengthen Trump, and motivate his supporters. Trump will win reelection in 2020 for three reasons: First, ...

America’s Ruling Class

By Angelo Codevilla ...

CNN Producer Accused of Inappropriate Conduct Toward Female Colleagues: Undercover Video

By Peter Svab One of CNN’s top producers has been accused of making inappropriate advances toward young female employees by a senior CNN editor, in a ...

Sen. Grassley Suspects Deep State May Bury ‘Spygate’ Report

BY IVAN PENTCHOUKOV Sen. Chuck Grassley (R-Iowa) suspects that the numerous delays of the release of a much-anticipated report on spying on the Trump campaign suggest that the deep state ...

The Young, the Restless, and Bernie

By WILLIAM MURCHISON Empowering the kiddies to do in the elderly. ANew York Times opinion column acquaints humanity with the injustice of forbidding the vote to 16- ...

Mitt Romney Implodes After Outing of Secret Twitter Persona

By Jeffrey Lord “Pierre Delecto” snarks, name-calls while Mitt attacks Trump’s character. So. Mitt Romney is out of the closet. Comes the news from the left-leaning Slate (which gleaned its initial ...

Tammy Bruce: Bombshell book reveals Hillary Clinton cast ‘protective bubble’ over Harvey Weinstein

By Matt London | Fox News Fox Nation host Tammy Bruce broke down what she sees as the biggest takeaway from Ronan Farrow’s bombshell new book detailing sexual misconduct and alleged cover-ups reaching into ...

HUD Secretary Carson clashes with Dem rep over withheld Puerto Rico funds: ‘Nothing to hide’

By Tyler Olson | Fox News Housing and Urban Development Secretary Ben Carson clashed Tuesday with Rep. Nydia Velazquez, D-N.Y., as a hearing on the Trump administration’s housing plans turned to ...

‘This is just wrong’: Starr says Dems doing disservice to America by shrouding investigation in secrecy

By Nick Givas | Fox News The Democratic impeachment effort against President Trump has been conducted under the cover of darkness to hide the facts from the American people, and is just ...

Hogan Gidley responds to backlash over Trump comparing impeachment to ‘lynching’

By Joshua Nelson | Fox News After President Trump received swift backlash Tuesday for tweeting that the Democrats’ impeachment inquiry is a “lynching,” White House Deputy Press Secretary Hogan ...