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Category: Executive Branch

The Executive Branch of the United States Government

Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast
Posted inHealthcare

Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast

USNN World Newsby USNN World NewsAugust 7, 2020August 7, 2020
China opposes US orders against TikTok, WeChat, to defend interests
Posted inNational Security & Defense

China opposes US orders against TikTok, WeChat, to defend interests

USNN World Newsby USNN World NewsAugust 7, 2020June 20, 2024
US employers hire 1.8M despite new COVID-19 shutdowns
Posted inEconomy

US employers hire 1.8M despite new COVID-19 shutdowns

USNN World Newsby USNN World NewsAugust 7, 2020December 5, 2024
GOP senators pitch extending extra unemployment aid through end of year
Posted inEconomy

GOP senators pitch extending extra unemployment aid through end of year

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

Capital One slapped with $80M fine for 2019 data hack

USNN World Newsby 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.”
Posted inEconomy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell open to extending $600 unemployment boost in coronavirus stimulus deal
Posted inEconomy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

USNN World Newsby USNN World NewsAugust 5, 2020August 19, 2024
McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion
Posted inEconomy

McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Stocks rally as slow coronavirus-relief talks move in 'right direction'
Posted inEconomy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

USNN World Newsby USNN World NewsAugust 4, 2020December 5, 2024
Trumps weighs executive action to suspend evictions, payroll tax
Posted inPresidential Actions

Trumps weighs executive action to suspend evictions, payroll tax

USNN World Newsby USNN World NewsAugust 4, 2020October 14, 2024
Missing sailors rescued from Pacific island after SOS signal spotted in the sand
Posted inNational Security & Defense

Missing sailors rescued from Pacific island after SOS signal spotted in the sand

USNN World Newsby USNN World NewsAugust 4, 2020August 4, 2020
White House considering unilateral actions with coronavirus aid bill stuck in Congress
Posted inEconomy

White House considering unilateral actions with coronavirus aid bill stuck in Congress

USNN World Newsby USNN World NewsAugust 3, 2020August 3, 2020

Posts pagination

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NATIONAL NEWS

  • Jordan and Meadows blast Democrats for avoiding the truth about the Russia investigationJordan and Meadows blast Democrats for avoiding the truth about the Russia investigation
    By Joshua Nelson | Fox News House Republicans Jim Jordan and Mark Meadows blasted Democrats for avoiding the truth about the Russia investigation on “Fox & Friends” on Wednesday. “It was not only ...
  • Ted Cruz on New York Times’ faulty Kavanaugh allegations: ‘This was not accidental’Ted Cruz on New York Times' faulty Kavanaugh allegations: 'This was not accidental'
    By David Montanaro | Fox News The allegations against Supreme Court Justice Brett Kavanaugh laid out in a now-revised New York Times story were not “accidental” and were part of a ...
  • CNN contributor accuses Chris Cuomo of spreading ‘fake news’ about Trump in heated clashCNN contributor accuses Chris Cuomo of spreading 'fake news' about Trump in heated clash
    By Joseph A. Wulfsohn | Fox News A pro-Trump CNN commentator blasted his colleague, primetime anchor Chris Cuomo, for spreading “fake news” about President Trump during a heated debate about ...
  • Hannity to Nadler on impeachment hearing: Dems ‘on your committee… look as dumb and stupid as you do’Hannity to Nadler on impeachment hearing: Dems 'on your committee... look as dumb and stupid as you do'
    By Victor Garcia | Fox News Sean Hannity spoke directly to House Judiciary Committee chairman Jerry Nadler, D-N.Y., Tuesday and ripped him for his ...
  • Millions of Americans’ medical images and data left ‘unprotected’ online, investigation revealsMillions of Americans' medical images and data left 'unprotected' online, investigation reveals
    By Christopher Carbone | Fox News Medical images and health data belonging to millions of Americans — including X-rays and CT scans — are unprotected online and ...
  • Microsoft’s Bill Gates regrets Jeffrey Epstein meeting: ‘I wish I hadn’t’Microsoft's Bill Gates regrets Jeffrey Epstein meeting: 'I wish I hadn't'
    By Melissa Leon | Fox News Microsoft founder Bill Gates says he regrets ever meeting with convicted sex offender Jeffrey Epstein to discuss philanthropy, according to a ...
  • Major Democratic donor Ed Buck arrested, charged with running drug denMajor Democratic donor Ed Buck arrested, charged with running drug den
    By Edmund DeMarche | Fox News Ed Buck, the California Democratic megadonor, was arrested Tuesday and charged with operating a drug house after a ...
  • Car plows into lobby of Trump Plaza condominium complexCar plows into lobby of Trump Plaza condominium complex
    By Danielle Wallace | Fox News A car reportedly lost control and plowed through the lobby of a Trump Plaza condominium complex just outside of New York City Tuesday evening. TRUMP ...
  • RNC raises record-setting $23.5M in August, as GOP momentum buildsRNC raises record-setting $23.5M in August, as GOP momentum builds
    By Gregg Re | Fox News EXCLUSIVE: The Republican National Committee (RNC) is expected to announce this week that it raised a record-setting $23.5 million in August and had $53.8 ...
  • Iranian cruise missiles and drones used in Saudi oil facilities, US officials sayIranian cruise missiles and drones used in Saudi oil facilities, US officials say
    By Hollie McKay, Lucas Tomlinson | Fox News It has been more than three days since Saudi Arabia’s oil infrastructure was crippled and, as the investigation continues, fingers are pointing toward Iran as ...
  • Trump blitzes into California for major $15M fundraising push, irritating celebrities, activistsTrump blitzes into California for major $15M fundraising push, irritating celebrities, activists
    By Gregg Re | Fox News President Trump sent liberal California activists into a tizzy on Tuesday, as he executed a lunch-dinner-breakfast-lunch fundraising blitz expected to scoop up ...
  • OxyContin Maker Files for Bankruptcy, Faces Thousands of LawsuitsOxyContin Maker Files for Bankruptcy, Faces Thousands of Lawsuits
    BY BOWEN XIAO Pharmaceutical company Purdue Pharma—which made billions of dollars selling its prescription painkiller OxyContin—has filed for bankruptcy after giving way to financial pressure from thousands of ...
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