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

Georgia Judge Dismisses 2 Counts in Trump’s Criminal Case

By Sam Dorman Fulton County Superior Court Judge Scott McAfee has dismissed two of the counts in the criminal indictment former President Donald Trump faces ...

Garland Says Justice Department Won’t Be Intimidated by ‘Escalation of Attacks’

By Sam Dorman U.S. Attorney General Merrick Garland praised his employees during a Sept. 12 press conference while pushing back on attacks they encountered, saying ...

Election Officials Warn Problems With US Mail Could Cause 2024 Voting Disruptions

By Jack Phillips A coalition representing state and local election officials across the United States warned that problems with the nation’s mail system could disrupt ...

Texas City Shuts Down Hotel Occupied by Venezuelan Gang After 693 Police Calls

By Darlene McCormick Sanchez Texas authorities say they are shutting down a crime-ridden hotel housing Tren de Aragua gang members and investigating the gang’s criminal ...

Polaris Dawn: SpaceX Mission Astronauts Complete First Private Spacewalk in History

By Zachary Stieber Astronauts on Sept. 12 performed the first private spacewalk in history, exiting SpaceX’s Crew Dragon capsule as it orbited hundreds of miles ...

What to Watch for in the Trump-Harris Debate

By Lawrence Wilson Vice President Kamala Harris and former President Donald Trump head into a presidential debate virtually tied in national polling, raising the stakes ...

Harris–Trump First Debate: What to Expect From Crucial Showdown

By Emel Akan Vice President Kamala Harris and former President Donald Trump are set to debate for the first time on Sept. 10 in a ...

Russian Hacker Unit Targets Critical US, Global Infrastructure, Warns Security Agencies

By Naveen Athrappully A joint cybersecurity advisory issued by multiple U.S. agencies found a clandestine Russian military unit responsible for cyber attacks against global targets. The ...

Former RFK Jr. Staff Launch ‘Make America Healthy Again’ PAC to Bolster Support for Trump

By Jeff Louderback Intent on helping Robert F. Kennedy Jr. “get a seat at the table at the White House,” a new political action committee ...

Colorado’s Aurora Reports Armed Venezuelan Gangs Taking Over Apartment Buildings

By Allan Stein DENVER—As early as November 2023, armed Venezuelan gang members began terrorizing residents of an Aurora, Colorado, apartment building, according to a Denver ...

Harris Supports Tax on Unrealized Gains, Sparking Controversy

By Emel Akan WASHINGTON—As part of her campaign platform, Vice President Kamala Harris has advocated for a tax on unrealized capital gains from assets like ...

Father of Georgia School Shooter Arrested, Charged With Second-Degree Murder

By Katabella Roberts The father of a 14-year-old boy accused of shooting dead four people and wounding nine others at a Georgia high school on ...