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

Boeing Starliner Not Safe Enough to Return Astronauts, NASA Says

By Jacob Burg After months of uncertainty over whether Boeing’s new Starliner spacecraft could safely return its two astronauts home from the International Space Station ...

How to Tell If Your Social Security Number Was Compromised in Massive Data Breach

By Jack Phillips After a data protection company confirmed that numerous Social Security numbers were hacked, several websites have appeared this week allowing people to ...

RFK Jr. Says He Supports Trump as He Suspends Campaign

By Zachary Stieber Robert F. Kennedy Jr. said on Aug. 23 that he’s supporting former President Donald Trump, after a court filing from his campaign ...

Robert F. Kennedy Jr. Withdraws From Arizona Ballot

By Zachary Stieber Robert F. Kennedy Jr., an independent presidential candidate, has withdrawn from appearing on ballots in Arizona. “RFK Jr.’s campaign filed official paperwork with ...

RFK Jr. Continues Ballot Access Fight as Speculation Mounts He Will Exit Race

By Jeff Louderback MINEOLA, N.Y.—While speculation mounts that Robert F. Kennedy Jr. will drop out of the presidential race on Aug. 23 and back former ...

Connecticut Chief States Attorney Asked to Probe Bridgeport Election Fraud Allegations

By Juliette Fairley The Connecticut State Elections Enforcement Commission (SEEC) has unanimously voted to refer a complaint against a Bridgeport Democrat party official and the ...

Defense Budget Talks Reignite Debate Over Military Draft for Women

By Michael Washburn Provisions in the fiscal year 2025 National Defense Authorization Act (NDAA) that would require women to register for the military draft, while ...

RFK Jr. Campaign May Join Forces With Trump or Form New Party, Running Mate Says

By Jack Phillips The campaign of independent presidential candidate Robert F. Kennedy Jr. has not received a fair chance at winning the election, according to ...

Harris Proposes Raising Corporate Tax Rate to 28 Percent

By Stephen Katte Democratic Presidential candidate Kamala Harris is proposing to increase the corporate tax rate as part of her economic agenda if she wins ...

RNC Asks Supreme Court to Block 41,000 Arizona Voters From Voting in November

By Matthew Vadum The Republican National Committee (RNC) asked the Supreme Court on Aug. 19 to prevent 41,000 registered voters from voting in the November ...

Local Officer Shot Trump Rally Shooter First, Knocking Him Down, Investigation Finds

By Zachary Stieber The first shot to strike the man who fired at former President Donald Trump was from a local law enforcement officer, according ...

DNC Set to Kick Off: Here’s What to Expect

By Joseph Lord Starting Monday, Democrats will hold their long-anticipated national convention during which Vice President Kamala Harris will formally accept her nomination as presidential ...