Executive Branch - USNN World News

Healthcare

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

by USNN World NewsAugust 7, 2020August 7, 2020

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

NATIONAL NEWS

Trump Returning to Butler, Where He Survived Assassination Attempt

By Janice Hisle and Savannah Hulsey Pointer BUTLER TOWNSHIP, Pa.—Under enhanced security, throngs are expected to join former President Donald Trump and dozens of special ...

Elon Musk to Attend Trump Rally at Site of Attempted Assassination

By Zachary Stieber Elon Musk said on Oct. 3 that he will attend former President Donald Trump’s upcoming rally in Butler, Pennsylvania. “I will be there ...

Firefighters Union Declines to Endorse Trump or Harris in Presidential Race

By Katabella Roberts With only weeks to go until the November election, the International Association of Fire Fighters (IAFF), a labor union representing more than ...

High New Car Prices Spur Increased Incentives, but End of Low Cost Sedan Is Affecting Buyer Enthusiasm

By Mark Gilman If you’re in the market for an inexpensive second car, a first car for a family member, or just want to save ...

A Long Dockworker Strike May Bring More Pain to Consumers at the Grocery Store

By Mark Gilman Food prices went up 25 percent from 2019 to 2023 and were expected to increase by another 2.2 percent this year—but that ...

Massachusetts Couple Indicted for Wrongful Voting in New Hampshire

By Matt McGregor A New Hampshire grand jury has issued six indictments charging a Massachusetts couple with wrongful voting in three election cycles. New Hampshire Attorney ...

Taxpayers Affected by Hurricane Helene Can Delay Their Tax Filing Deadline: IRS

By Naveen Athrappully The Internal Revenue Service (IRS) is extending tax deadlines for multiple states affected by Hurricane Helene. Hurricane Helene hit the United States late ...

California Lawmakers Advance Bill That Aims to Keep Gas Prices From Spiking

By The Associated Press SACRAMENTO, Calif.—The California state Assembly approved a bill Tuesday backed by Gov. Gavin Newsom aimed at preventing gas prices from spiking, ...

Many More Arizona Voters Missing Proof of Citizenship Than First Disclosed: Official

By Zachary Stieber About 218,000 voters in Arizona have not provided proof of citizenship, the state’s top election official said on Sept. 30. That’s up from ...

Taxpayer-Funded Incentives to Buy EVs Hit $2 Billion This Year, Treasury Says

By Tom Ozimek The U.S. Department of Treasury has announced that over $2 billion in taxpayer-funded electric vehicle (EV) tax credits have been provided to ...

5 Takeaways From the Vance-Walz Vice Presidential Debate

By Nathan Worcester, Joseph Lord, Jacob Burg, Andrew Moran Cordiality amidst clashes marked the first and only vice-presidential debate of 2024. The Oct. 1 CBS News ...

Economic Implications of 1st Port Worker Strike Since 1977

By Andrew Moran Thousands of Atlantic and Gulf Coast port workers went on strike at 12:01 a.m. on Oct. 1 for the first time since ...