Executive Branch - USNN World News

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

Healthcare

Kodak lands $765M US loan under Defense Production Act to boost drug production

by USNN World NewsAugust 3, 2020August 28, 2024

NATIONAL NEWS

Pompeo accuses Dems of ‘bullying’ State employees with deposition demand: ‘I will not tolerate such tactics’

By Alex Pappas | Fox News Secretary of State Mike Pompeo is fighting back against House Democrats seeking to depose five State Department officials over the Trump-Ukraine controversy. In a letter and ...

Holder says Barr is ‘paying a price’ for spearheading Russia probe misconduct investigation

By Gregg Re | Fox News Former Attorney General Eric Holder told Fox News on Tuesday that current Attorney General Bill Barr “is paying a price” and sacrificing his credibility by ...

Ingraham: Democrats ‘done with democracy’

By Victor Garcia | Fox News Laura Ingraham declared that Democrats are done with democracy Monday, saying that the party has decided they can’t trust democracy to deliver them the ...

Michigan Lawmaker: Hold Gun-Free Zones Liable for Shooting Injuries

BY MATTHEW VADUM A Michigan state lawmaker’s newly introduced legislation to hold government agencies and private businesses liable for civil damages if anyone is injured during a shooting in a gun-free ...

Joe, Hunter Biden seen golfing with Ukraine gas company exec back in 2014, photo shows

By Gregg Re | Fox News EXCLUSIVE: A photo obtained by Fox News’ “Tucker Carlson Tonight” shows former Vice President Joe Biden and his son Hunter golfing in the Hamptons with Devon ...

RNC launches ‘Stop the Madness’ campaign to fight impeachment push

By Brooke Singman | Fox News EXCLUSIVE: The Republican National Committee launched a national counter-impeachment campaign called “Stop the Madness” on Monday, targeting House Democrats and vowing to ...

Pelosi’s ’60 Minutes’ whistleblower comments prompt GOP concerns of ‘political setup’

By Gregg Re | Fox News House Republican Conference Chairman Liz Cheney, R-Wyo., on Monday pushed for answers on how much top Democrats knew about the explosive White House whistleblower’s complaint ...

Pro-Trump super PAC files FEC complaint against DNC over Ukraine outreach

By Andrew Keiper | Fox News The Democratic National Committee has been hit with a Federal Election Commission complaint that accuses a former DNC contractor of acting improperly to gather ...

Trump Asks Who Changed Whistleblower Rules Before Submittal of ‘Fake Whistleblower Report’

BY IVAN PENTCHOUKOV President Donald Trump on Sept. 30 demanded to know which officials changed the rules on a whistleblower form for complaints submitted to the Office of the Inspector ...

Amid Ukraine complaint, GOP questions move to drop ‘first-hand’ info requirement in whistleblower form

By Catherine Herridge, Judson Berger | Fox News Republicans on Monday challenged intelligence community officials to explain why a key whistleblower form was apparently changed to drop a ...

Tea Party Groups to Fight Against Impeachment Effort

BY PATRICK HOWLEY WASHINGTON—Conservative activists are launching a nationwide campaign to pressure congressmen from both parties to back away from their interest in impeaching President Donald Trump over ...

Biden seeks to bar Giuliani from TV news, after Trump lawyer alleges possible Biden corruption

By Gregg Re | Fox News Joe Biden’s presidential campaign requested in a letter on Sunday that major news networks not invite President Trump’s personal attorney Rudy Giuliani anymore, after Giuliani ...