USNN World News

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 Security & Defense

Break the Ice: Trump ramping up US presence in the Arctic as Russia, China threats loom

by USNN World NewsAugust 3, 2020September 2, 2025

Healthcare

In Congress, challenges of combatting coronavirus parallel fights across the country

by USNN World NewsAugust 2, 2020August 2, 2020

National Security & Defense

Microsoft, TikTok officials in White House talks to prevent total ban

by USNN World NewsAugust 2, 2020June 20, 2024

Economy

Democrats, White House still at odds over extra coronavirus unemployment benefits

by USNN World NewsAugust 2, 2020August 2, 2020

NATIONAL NEWS

YouTube Blocks Trump Campaign’s 2 New Election Fraud Ads

By Tom Ozimek YouTube has removed two new ads from the Trump campaign, which allege widespread corruption in the 2020 election and call on voters to ...

Pro-Trump Groups to Rally in DC to Call for Election Integrity

By Zachary Stieber Several groups are planning to rally in Washington on Saturday to call for election integrity amid concerns about fraud in the 2020 election. Organizers with the “Stop ...

Texas Tells SCOTUS That Defendant States Didn’t Address ‘Grave’ Election Issues

By Zachary Stieber The state of Texas argued in a filing to the Supreme Court on Friday that the four states it is suing didn’t address “grave issues,” instead ...

Arizona State Representatives Call for Election Decertification

By Gary Du Republican Arizona state representatives called on Monday for decertification of the state’s election results in order to maintain public confidence in the integrity of ...

Georgia Election Official: Over 20,000 Voted but Skipped Presidential Pick

By Mimi Nguyen Ly A Georgia election official said on Thursday that more than 20,000 people in the state who voted in the general election didn’t participate in ...

Former Special Forces Officer Warns of Color Revolution Tactics Used Against Trump

By GQ Pan and Joshua Phillipp Color revolution tactics that have been used against foreign leaders are now being used by President Donald Trump’s opponents to ...

Over 21,000 Georgia Election Anomalies Sent to State Officials, Data Analyst Says

By Jack Phillips Matt Braynard, the head of the Voter Integrity Project, said on Dec. 10 that he’s delivered evidence of more than 21,000 election ...

Facebook Fact-Checker Funded by Chinese Money Through TikTok

By Petr Svab While Facebook portrays its army of fact-checkers as independent, the money behind at least one carries a distinct taint. One such fact-checker, Lead Stories, is ...

US Government, States Sue Facebook for ‘Predatory’ Conduct

By The Associated Press WASHINGTON—Federal regulators on Wednesday sued to force a breakup of Facebook as 48 states and districts accused the company in a separate lawsuit of abusing its market ...

Georgia County Says It Couldn’t ‘Duplicate’ Election Results; Secretary of State’s Office Investigating

By Jack Phillips Georgia Secretary of State Brad Raffensperger said on Dec. 9 his office is investigating Coffee County’s handling of an election recount after officials there said they ...

US Sanctions Chinese Official Over Role in Persecuting Spiritual Practice Falun Gong

By Cathy He and Eva Hu The Donald Trump administration on Dec. 10 sanctioned a Chinese official for his involvement in “gross human rights violations” against Falun Gong practitioners—a ...

Rudy Giuliani: Georgia House Needs ‘Courage to React’ to Election Fraud

By Jack Phillips President Donald Trump’s legal team again lobbied the GOP-controlled Georgia House of Representatives to take further action in light of allegations of election ...