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

Tax Day Is Monday: What to Know About Deadlines, Extensions, and Refunds

By Jack Phillips Monday, April 15 is the deadline to file federal income tax returns and extensions to the Internal Revenue Service (IRS) for most ...

Price Hikes, Job Losses in Wake of California’s New Minimum Wage for Fast-Food Workers

By Travis Gillmore Though California’s new minimum wage for the fast-food industry puts more money into some workers’ pockets, it has ignited a firestorm of ...

Woman Who Went Viral for Hugging Trump at Chick-fil-A Explains Why Black Voters Support Him

By Tom Ozimek A woman who recently went viral for hugging former President Donald Trump at a Chick-fil-A in Georgia and telling him not to ...

Negative Views of Government Soar Under Biden Compared to Trump

By Tom Ozimek The share of Americans expressing a negative view of the federal government soared in President Joe Biden’s third year in office, with ...

Johnson, Trump Announce Election Integrity Bill to Require Proof of Citizenship to Vote

By Samantha Flom House Speaker Mike Johnson (R-La.) and former President Donald Trump are urging support for a bill aimed at preventing non-citizens from voting ...

2025 Social Security COLA Estimate Rises Due to Inflation

By Naveen Athrappully Advocacy group The Senior Citizens League (SCL) has raised its estimate of social security cost-of-living adjustment (COLA) for 2025, citing higher inflation. “The ...

Senate Passes Resolution Nullifying Biden’s Greenhouse Gas Emissions Rule

By Stephen Katte The U.S. Senate has passed a disapproval resolution overturning a regulation from the Federal Highway Administration (FHWA) requiring states to measure and ...

16 GOP Attorneys General Challenge Garland’s Comments on Voting Laws

By Matt McGregor A group of Republican state attorneys general are pushing back against U.S. Attorney General Merrick Garland’s comments made in March at a ...

Red States Push Back Against Biden’s Voter Registration Order

By Beth Brelji A power struggle over voter registration is playing out between the White House and some secretaries of state who say the federal ...

Speaker Johnson, Trump to Hold Joint Press Conference on Election Integrity at Mar-a-Lago

By Jackson Richman House Speaker Mike Johnson (R-La.) and former President Donald Trump are scheduled to hold a joint press conference on April 12 regarding ...

California Stopped Tracking Billions in Homeless Spending, Audit Shows

By Beige Luciano-Adams Despite spending more than $24 billion to combat the crisis over the past five years, California has seen its homeless population continue ...

FBI Director Issues Warning on ‘Increasingly Concerning’ Terrorist Threat

By Jack Phillips FBI Director Christopher Wray on Tuesday warned that foreign terrorist groups are again looking to attack the United States in an “increasingly ...