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

Democrats Commit Vastly More Dark Money Than Republicans for 2024

By Austin Alonzo Democratic dark money groups, megadonors, and unions are funding a massive spending effort aimed at reelecting President Joe Biden and advancing the ...

Judge in Tax Evasion Case Highlights Flaws in Hunter Biden’s Legal Maneuver

By Caden Pearson The federal judge who rejected Hunter Biden’s eight motions to dismiss his tax evasion charges highlighted deficiencies in a subsequent request to ...

RNC Shifts Focus to Election Integrity

By Joseph Lord As the Republican National Committee (RNC) shifts much of its 2024 focus to ensuring election integrity, RNC officials discussed the measures they’re ...

SEC Forced to Halt Climate Reporting Mandate for Businesses

By Naveen Athrappully The U.S. Securities and Exchange Commission (SEC) paused the implementation of its climate disclosure requirements for companies as legal challenges against the ...

Trump Files Recusal Motion for Judge Overseeing Hush Money Case

By Aldgra Fredly Former President Donald Trump has filed a motion to recuse Manhattan Supreme Court Justice Juan Merchan, who oversees his hush money case, ...

Fani Willis Accused of Illegally Recording Trump Defendant’s Lawyer

By Jack Phillips A lawyer for one of former President Donald Trump’s co-defendants in the Georgia case claimed in a new interview that Fulton County ...

Trump to Rake in $43 Million at Fundraiser, Dwarfing Biden’s Record $26 Million Haul

By Janice Hisle and Austin Alonzo Thanks to one big fundraiser in Palm Beach, Florida, former President Donald Trump’s campaign will emerge $43 million richer ...

Fani Willis Appears to Defy Judge, Talks About Race Again

By Jack Phillips Fulton County District Attorney Fani Willis publicly discussed race again apparently in response to a Georgia judge’s rebuke over her previous race-related ...

Louisiana Senate Passes Bill Declaring Global Entities Like WHO Will Have No Authority in Their State

By Patricia Tolson Louisiana state senators have unanimously passed a bill that would block international organizations like the World Health Organization from having any power ...

Trump Denounces Biden’s Border Policies as ‘Country-Wrecking’

By Janice Hisle GRAND RAPIDS, Mich.—The immigration policies of President Joe Biden are “country-wrecking,” because of the number of illegal immigrants who are flooding into ...

Wife of Judge In Trump ‘Hush Money’ Trial Worked for AG Letitia James

By Tom Ozimek Lara Merchan, the wife of the judge presiding over former President Donald Trump’s “hush money” case in Manhattan, once worked for New ...

ICE to Deport 215 Illegal Immigrants Involved in Riot at Border Wall in El Paso

By Tom Ozimek Customs officials are working to deport 215 illegal immigrants charged with various offenses in connection with breaking through a razor wire barrier ...