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

Rep. Good’s Race Too Close to Call, Other Takeaways From Tuesday’s Primaries

By Joseph Lord, Austin Alonzo and Terri Wu Primary contests were held in several states on June 18, with most national attention turning toward Virginia. In ...

Orange Peels Emerge as Potential Cardiac Superfood

By George Citroner Researchers may have uncovered a health secret hiding in plain sight. The orange peel most people mindlessly toss in the trash after squeezing ...

House Freedom Caucus Chair Faces Trump-Backed Primary Challenger in Virginia

By Jackson Richman Residents of Virginia’s Fifth Congressional District will vote on June 18 on whether to send back one of the leaders of the ...

House Intelligence Chair Says US at ‘Highest Level’ of Potential Terrorist Threat

By Jack Phillips House Intelligence Committee Chairman Mike Turner (R-Ohio) said Sunday that the United States is currently at its “highest level” for the possibility ...

Trump Supporters Celebrate His 78th Birthday, Set Aside Legal Woes

By Janice Hisle WEST PALM BEACH, Fla.—Thousands of former President Donald Trump’s fans flocked here for a star-spangled celebration of Flag Day and his 78th ...

Appeals Court Rejects Biden Admin’s Transgender Student Directive

By Tom Ozimek An appeals court on Friday denied the Biden administration’s attempt to revive a directive that would have required schools to let transgender ...

Tech Insider Explains Why Some in Silicon Valley Are Turning to Trump

By Nathan Worcester SAN FRANCISCO—Jacob Helberg didn’t start out as a big fan of former President Donald Trump. In his 2021 book, “The Wires of War,” ...

Jury Finds Hunter Biden Guilty on All 3 Charges in Gun Trial

By Jacob Burg Hunter Biden was found guilty on all charges in his gun trial on June 11, becoming the first child of a sitting ...

What to Watch in the June 11 Primaries

By John Haughey, Joseph Lord and Jackson Richman Voters in five states will cast ballots on June 11 in party nomination contests for one governorship, ...

RFK Jr. Inching Closer to Qualifying for CNN’s June 27 Presidential Debate

By Jeff Louderback Robert F. Kennedy Jr. is simultaneously working to get on the ballot in all 50 states and the District of Columbia, and ...

Some California Retail Workers Wear Body Cameras to Deter Theft

By Rudy Blalock Employees at some TJ Maxx, Marshalls, or HomeGoods stores may be wearing body cameras to deter thieves, according to a recent earnings ...

Judge Alerts Trump, Manhattan DA of Possible Jury Confidentiality Breach

By Catherine Yang New York Supreme Court Justice Juan Merchan on June 7 alerted counsel for former President Donald Trump and the Manhattan District Attorney ...