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

North Carolina Governor Says 92 People Still Missing After Hurricane Helene

By Katabella Roberts At least 92 people are still missing in North Carolina nearly three weeks after Hurricane Helene ripped through the western part of ...

‘Probably Worse Than It Looks’: IMF Sounds Alarm Over Government Spending

By Tom Ozimek The International Monetary Fund (IMF) has issued a stark warning about the rising tide of public debt in countries across the globe, ...

Georgia Judge Halts Ballot Hand Count Rule for 2024 Election

By Caden Pearson A federal judge in Georgia temporarily halted a rule on Tuesday requiring election officials to hand count ballots in the 2024 elections, ...

Lake, Gallego Vie to Represent Arizona in Senate

By Nathan Worcester Republican Kari Lake and Rep. Ruben Gallego (D-Ariz.) are in the final stretch of their race to replace Sen. Kyrsten Sinema (I-Ariz.). Sinema ...

Supreme Court Overturns Ruling on Pennsylvania Law Allowing People Between 18 and 21 to Carrying Guns

By Jack Phillips The U.S. Supreme Court on Tuesday overturned a lower court’s ruling that had allowed residents in Pennsylvania between the ages of 18 ...

Property Manager Accuses Venezuelan Gang of Taking Control of Aurora Apartments, Attempting Extortion

By Tom Ozimek A New York-based property management company has broken its silence on recent reports that a Venezuelan gang known for its violent and ...

SpaceX Catches Giant Starship Booster With Mechanical Arms

By Melanie Sun SpaceX in its fifth Starship test flight on Sunday caught its returning giant booster back at the launch pad with mechanical arms. The ...

Speaker Johnson Says FEMA Still Has Not Used Majority of Disaster Relief Funding

By Chase Smith House Speaker Mike Johnson (R-La.) again rebuffed claims on Oct. 13 that the Federal Emergency Management Agency (FEMA) needed more funding to ...

In Arizona, Trump Proposes Pay Raise for Border Patrol

By Nathan Worcester Former President Donald Trump told Americans at an Oct. 13 campaign rally in Prescott Valley, Arizona, that he plans to address a ...

Armed Man Arrested Outside Trump Rally in California Faces Gun Charges

By Brad Jones COACHELLA, Calif.—The Riverside County Sheriff’s Department arrested an armed man outside the perimeter of a Trump rally in the city of Coachella ...

Donald J. Trump Wins Appeal in New York Fraud Case, Prosecutors Scramble to Avoid Sanctions

By Stephen Zogopoulos, USNN World News In a resounding legal victory, former President Donald J. Trump has won an appeal in the high-profile New York ...

Michigan Republicans Win Election Integrity Lawsuit Over Number of Poll Workers

By Matt McGregor Michigan Republican officials have secured a win in an election integrity lawsuit against the city of Detroit over “its deliberate failure” to ...