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

Judge Blocks, Unblocks, Then Blocks Georgia From Wiping or Resetting Election Machines

By Ivan Pentchoukov and Petr Svab UPDATE: In a third order issued late Sunday night, a federal judge overseeing Sidney Powell’s Georgia lawsuit granted a temporary ...

Judge Schedules Hearing in High-Profile Georgia Election Case

By Zachary Stieber The judge who Sunday ordered Georgia officials not to wipe or reset voting machines scheduled the next hearing in the case for Friday. U.S. District ...

Joe Biden Injures Ankle While Playing With His Dog: Campaign

By Jack Phillips Democratic presidential candidate Joe Biden slipped while playing with his dog, Major, and twisted his ankle, according to his campaign and pool reporters. His campaign said Sunday ...

Trump Suggests He’ll Appoint ‘Special Prosecutor’

By Jack Phillips President Donald Trump said he is considering appointing a special prosecutor to probe former intelligence officials and investigators involved in surveilling his 2016 campaign as well ...

Vote-Counting Feeds in Pennsylvania, Georgia Show Irregularities: Data Expert

By Jack Phillips A data expert who helped raise millions of dollars for GOP campaigns said that vote tabulation data in key states have “anomalies” ...

Livestream for Election Integrity Hearing With Arizona State Legislature, Trump’s Lawyers

By The EPOCH Times Staff The Arizona State Legislature is scheduled to hold an election integrity hearing on Nov. 30 that will include President Donald Trump’s lawyers Jenna Ellis and Rudy Giuliani. The ...

PA poll watcher: USB cards uploaded to voting machines 24+ times, 47 USB cards missing

By NTD https://youtu.be/k3WK0M4S_Qw A Republican poll observer from Pennsylvania’s Delaware County told a Senate GOP Policy Committee hearing in Gettysburg on Nov. 25 that he witnessed ...

FBI Requests Fraud, Disenfranchisement Evidence, Researcher Says

By Petr Svab The FBI has reached out to an election integrity researcher for evidence of potential crimes in the 2020 election, according to the researcher, who is also ...

Trump: Leaders Called Him on Election Night to Congratulate, Then Votes Came in ‘Dumps’

By Jack Phillips President Donald Trump said that world leaders called to congratulate him on Election Night but then, according to him, votes came in “dumps,” while adding ...

Newt Gingrich: 2020 Election May Be Biggest Presidential Theft Since 1824

By Ivan Pentchoukov Former Republican House Speaker New Gingrich said on Friday that the 2020 election may have been subject to the biggest theft in nearly two ...

Trump Doubles Down on Need to Roll Back Legal Protections for Tech Companies

By Janita Kan President Donald Trump this week renewed his calls to curtail legal protections for internet companies amid allegations of censorship and selective policing of ...

Trump Praises State Lawmakers for ‘Defending Our Great Constitution’

By Tom Ozimek President Donald Trump took to Twitter on Saturday to praise lawmakers for defending the Constitution. “So much credit to all of the brave men and women ...