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

Alaska, Oil Companies Sue Department of Interior Over Petroleum Reserve Rule

By Chase Smith The recent implementation of a new rule governing national petroleum reserves in Alaska, which closes millions acres to oil and gas extraction ...

US Chamber of Commerce Prioritizes Economic Growth in Policy Push

By Naveen Athrappully The U.S. Chamber of Commerce announced an initiative to help lawmakers prioritize the country’s economic growth over political tussles, warning that future ...

Americans Share What Patriotism Means to Them

By Lawrence Wilson, Dan M. Berger, Janice Hisle, Natasha Holt, Jackson Richman Independence Day is the nation’s most patriotic holiday, and Americans celebrate it with ...

Trump Campaign Says It Raised Over $330 Million in 2nd Quarter

By Austin Alonzo Former President Donald Trump’s campaign says it entered July with $284.9 million on hand. In a press release, Donald J. Trump for President ...

Crime Trends Have Been Tough to Track. We Broke Down the 10 Biggest Cities

By Petr Svab Is crime rising or falling across the United States? National crime trends have been difficult to track in recent years because of ...

Hunter Biden Drops Laptop Lawsuit Against Rudy Giuliani, Robert Costello

By Katabella Roberts President Joe Biden’s son, Hunter Biden, has agreed to drop a lawsuit against former New York City mayor Rudy Giuliani and his ...

Supreme Court Ruling Means Trump Trial Likely Won’t Happen Before Election, Ex-Prosecutors Say

By Jack Phillips Multiple legal analysts and former federal prosecutors suggested Monday that former President Donald Trump’s Washington trial likely won’t happen before the November ...

ACLU Files Election Integrity Complaint Over Pennsylvania County’s Mail-in Voting Policy

By Beth Brelji A new legal case in Pennsylvania may revive the debate over the rules surrounding voters’ signatures on the envelopes of mail-in ballots. In ...

White House Rejects Claims Biden Discussing Campaign Future With Family

By Emel Akan The White House on June 29 denied rumors that President Joe Biden returned to Camp David to consult his family members about ...

Key Takeaways From Supreme Court Rulings That Curb Executive Power

By Sam Dorman WASHINGTON—The Supreme Court this week issued a pair of rulings to limit the power of the federal government, curbing agencies’ ability to ...

How Uninhabited Terrain Became a Hotbed for Black Market Marijuana

By Brad Jones SISKIYOU COUNTY, Calif.—The air is thick with the unmistakable pungent stench of cannabis plants in a massive network of illegal grow operations ...

Biden–Trump First Debate: Here’s What You Need to Know and How to Watch It

By Emel Akan and Janice Hisle ATLANTA, Ga.—All eyes are on Thursday night’s highly anticipated showdown in Atlanta, where President Joe Biden and former President ...