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

Dow plummets 800 points on worsening global recession fears

By Ken Martin FOXBusiness Stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points — the fourth largest daily point drop on ...

White House adviser Peter Navarro blames Federal Reserve for moving ‘too far, too fast,’ causing market plunge

By Nick Givas | Fox News White House Trade Adviser Peter Navarro blamed the Federal Reserve for recent financial turmoil and called for lower interest rates to help stabilize U.S. markets. “This is ...

CNN has bad week amid April Ryan, Chris Cuomo and Don Lemon news: ‘It was quite embarrassing’

By Brian Flood | Fox News It’s been another rough week for CNN as the network suddenly has a plethora of off-screen issues in addition to its usual ratings struggles. “Just when one ...

Epstein’s Prison Guards Suspected of Falsifying Logs: Reports

BY SIMON VEAZEY Prison guards at Jeffrey Epstein’s unit are suspected to have falsified log entries showing they carried out regular checks in the run-up to his ...

Judge slaps down Dem gambit in Trump impeachment probe

By Ronn Blitzer | Fox News A D.C. federal judge on Wednesday shot down an attempt by House Judiciary Committee Democrats to link their subpoena for former White House ...

CNN’s Don Lemon accused of assault in sexually charged encounter at New York bar

By Liam Quinn, Greg Wilson | Fox News CNN primetime host Don Lemon was accused of a bizarre, sexually charged assault of a bartender in New York’s tony Hamptons ...

Epstein’s Partner Reportedly Said His Island Was Wired For Video as FBI Seizes Computers

BY ZACHARY STIEBER Jeffrey Epstein’s onetime girlfriend and longtime partner reportedly said that his private island was wired for video. Ghislaine Maxwell, who was previously sued for ...

In God We Trust’ Will Be Seen in All Louisiana Public Schools

BY ZACHARY STIEBER “In God We Trust” will be displayed at all Louisiana public schools this school year after a bill was signed into law last ...

Trump Jr. to CNN’s Cuomo: Fredo Isn’t an Ethnic Slur, ‘It Just Means You’re the Dumb Brother’

BY ZACHARY STIEBER Donald Trump Jr.. disputed the characterization of “Fredo” as an ethnic slur after CNN’s Chris Cuomo got upset when a man called him ...

Friend of Dayton shooter to face federal charges

By Eliott C. McLaughlin and Mark Morales, CNN (CNN) – A friend of Connor Betts accused of providing the Dayton, Ohio, shooter with the body armor and ...

Sen. Rick Scott on gun control push: Focus on mental health, not taking guns from law-abiding citizens

By Joshua Nelson | Fox News Florida Sen. Rick Scott, who served as governor during the Parkland high school shooting, said on Monday that Democrats are more interested in ...

Former Inmate Claims There’s ‘No Way’ Jeffrey Epstein Killed Himself: NY Post Report

BY JACK PHILLIPS A former inmate at the Metropolitan Correction Center in lower Manhattan, where billionaire Jeffrey Epstein was found unresponsive before he later died, told the New York Post ...