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

US Readiness ‘At Some Risk’ as Pentagon Sends $300 Million to Ukraine: Defense Official

By Andrew Thornebrooke The Pentagon is surging $300 million in arms to Ukraine after saving money on negotiated contracts, but it has dramatically overdrawn from ...

White House Pushed to Soften Robert Hur’s Report on Biden’s ‘Poor Memory’

By Tom Ozimek The White House pressured special counsel Robert Hur to soften his report’s characterizations of President Joe Biden’s ailing memory, according to March ...

Trump, Biden Poised to Clinch Nominations in March 12 Primaries

By Janice Hisle and Emel Akan In primary elections on March 12, incumbent Democrat President Joe Biden and his Republican challenger, former President Donald Trump, ...

Hidden Jan. 6 Transcript Revealed, Undermining House Committee’s Claim

By Zachary Stieber A previously hidden transcript of an interview conducted by a U.S. House of Representatives panel that investigated the Jan. 6, 2021, breach ...

Republican Warns Biden Order Allowing Illegal Immigrants and Felons to Vote

By Jack Phillips A Republican secretary of state sent a letter this week to the Department of Justice alerting it to an executive order signed ...

South Carolina Becomes 29th State to Allow Carrying Firearms Without a License

By Michael Clements South Carolina is now the 29th state to allow any resident who is legally able to carry a firearm to do so ...

California Voters Report Ballot Mix-Ups, Share Concerns About Election Integrity

By Travis Gillmore Some California voters are questioning the electoral process after they received the wrong ballot leading up to the Primary Election March 5. One ...

Trump Claims Jack Smith Just Made an Admission in Classified Documents Case

By Jack Phillips Former President Donald Trump on March 9 wrote that special counsel Jack Smith made an admission in a court filing in connection ...

Absence of 3 Conservative Judges From State of the Union Address Turns Political

By Alice Giordano Three of the Supreme Court’s most conservative justices were conspicuously absent from President Joe Biden’s State of the Union (SOTU) address. The no-shows ...

Judge Blocks US Administration From Illegally Diverting Border Wall Funds

By Caden Pearson A federal judge on Friday blocked the Biden administration from unlawfully redirecting taxpayer funds away from the construction of a wall along ...

Trump-Backed Leaders Take Helm at RNC After McDaniel Exits

By Lawrence Wilson HOUSTON—The Republican National Committee (RNC) has elected new leadership endorsed by former President Donald Trump after Ronna McDaniel, the group’s longest-serving chair, ...

Multiple US Agencies to Examine Possible Spy Balloon Found off Alaska Coast: Pentagon

By Caden Pearson Multiple U.S. agencies will analyze the debris of an unidentified high-altitude balloon recovered in waters near Alaska, according to the Pentagon. Last week, ...