USNN World News

Healthcare

Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast

by USNN World NewsAugust 7, 2020August 7, 2020

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

NATIONAL NEWS

Death Penalty Possible for Suspect in DC Shooting After New Federal Charges

By Bill Pan Rahmanullah Lakanwal, the man accused of killing a National Guard member and severely wounding another in an ambush near the White House ...

Pentagon Partners With xAI Service for Military’s Growing Artificial Intelligence Toolset

By Ryan Morgan The U.S. military is set to expand its artificial intelligence (AI) toolset in a new partnership with Elon Musk’s xAI service. Musk’s xAI ...

Transportation Department to Spend Nearly $1 Billion Toward Road Safety

By Naveen Athrappully Transportation Secretary Sean P. Duffy has announced almost $1 billion in funding to “make roads safer for American families,” the Department of ...

DOJ Releases More Epstein Files, Says Some Documents Contain False Claims

By Jack Phillips The Department of Justice (DOJ) on Tuesday morning released thousands of documents related to the now-deceased convicted sex offender Jeffrey Epstein, in ...

Malicious Actors Impersonating Senior US Officials, FBI Warns

By Naveen Athrappully Malicious actors are impersonating government officials to secure sensitive information and steal funds, the FBI said in an alert on Dec. 19. “Activity ...

DOJ Seeking Appeals on Dismissals of Criminal Cases Against James Comey, Letitia James

By Troy Myers The U.S. Department of Justice (DOJ) is appealing the dismissal of a pair of criminal cases against New York Attorney General Letitia ...

Small Plane Crashes Into New Hampshire Condominiums

By The Associated Press NASHUA, N.H.—A pilot was taken to the hospital with injuries Wednesday after a small plane crashed into a residential neighborhood in ...

6 More Fraud Suspects Indicted in Minnesota, as $18 Billion in Medicaid Billing Is Reviewed

By Janice Hisle U.S. First Assistant Attorney Joe Thompson announced indictments against a half-dozen new suspects in a pair of recently identified welfare fraud schemes. Speaking ...

Trump Announces $1,776 ‘Warrior Dividends’ to Military Members

By Jacob Burg President Donald Trump on Dec. 17 announced that more than a million military service members will receive a $1,776 “warrior dividend” bonus ...

FAA Says It Will Commit $6 Billion to Air Traffic Control Modernization by Dec. 31

By Jacob Burg The Federal Aviation Administration (FAA) plans to commit $6 billion by the end of the year to upgrades to the nation’s air ...

Officials Release Enhanced Video Footage of Brown University Mass Shooting Suspect

By Jack Phillips Authorities released new video footage and a new timeline late Tuesday in connection with the fatal shooting at Brown University over the ...

Police Detain Person of Interest in Deadly Brown University Shooting

By Jacob Burg A person of interest is in custody over the shooting at Rhode Island’s Brown University on Saturday that left two people dead ...