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

Trump touts border wall progress, optimistic after recent court victories

By Edmund DeMarche | Fox News President Trump on Wednesday expressed optimism in his effort to build a wall along the U.S.-Mexico border and said recent court victories ...

NCAA tells California governor college athlete ‘fair pay’ bill is ‘unconstitutional’

By Louis Casiano | Fox News The NCAA warned California Gov. Gavin Newsom on Wednesday that allowing college athletes to profit from their name, image and likeness would be “unconstitutional” and would upend the balance of college sports in ...

Tom Homan’s fiery clash with AOC, Tlaib and other House Dems detailed on ‘Fox & Friends’

By David Montanaro | Fox News Former Acting ICE Director Tom Homan faced personal attacks from House Democrats at a congressional hearing Wednesday afternoon, and the hosts of “Fox & ...

Marianne Williamson caught on a hot mic saying ‘conservatives are nicer’ to her than the left

By Joseph A. Wulfsohn | Fox News Spiritual guru and 2020 Democratic candidate Marianne Williamson was caught on a hot mic saying conservatives are ‘nicer’ to her than ...

Big Tech Faces Historic Scrutiny With New Antitrust Probes

BY BOWEN XIAO Big tech companies are facing increasing scrutiny in the form of new probes, with Google facing a new antitrust probe announced earlier this week, and Facebook facing their own ...

Why Recent Attacks on the Constitution Are Wrong

By Rob Natelson Americans traditionally have revered their Constitution—as they should, if only because of the astounding success the United States has enjoyed under ...

Marianne Williamson: ‘The system is even more corrupt than I knew’

By Nick Givas | Fox News Marianne Williamson, a 2020 presidential hopeful and author, said she’s discovered the political system to be “even more corrupt” than she imagined, during a ...

NRA Sues San Francisco Over ‘Terrorist Organization’ Label

BY TOM OZIMEK The National Rifle Association has filed a lawsuit against San Francisco authorities for declaring the Second Amendment rights group is a “domestic terrorist organization.” The suit, filed on ...

Police Union Endorses Trump for 2020 Re-Election

BY JANITA KAN A police union that represents more than 100,000 officers has announced it will be endorsing President Donald Trump’s 2020 re-election campaign, according to a ...

50 US States and Territories Launch Antitrust Probe Into Google

BY BOWEN XIAO Fifty U.S. States and territories, including the District of Columbia and Puerto Rico, have launched an anti-trust probe into Google and the company’s “potential monopolistic behavior.” ...

Rush Limbaugh: Dems, media paying ‘a price’ for Russia investigation flop

By Victor Garcia | Fox News Democrats and the media are paying the price for pushing the Russia collusion narrative for more than two years, according to conservative ...

Hannity on Dems push for impeachment: ‘An anticlimactic culmination of 3 years of lies’

By Victor Garcia | Fox News Fox News’ Sean Hannity criticized Democrats Monday night for targeting President Trump and once again pursuing impeachment. “There are no high crimes, no misdemeanors. ...