USNN World News

Economy

Trump officials recommend executive action as stimulus talks break down

by USNN World NewsAugust 7, 2020August 7, 2020

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

NATIONAL NEWS

Texas Sues Pfizer for Allegedly Misrepresenting Its COVID-19 Vaccine’s Efficacy

By Zachary Stieber Texas Attorney General Ken Paxton on Nov. 30 filed a lawsuit against Pfizer, alleging that the drug maker misrepresented the efficacy of ...

What to Expect from Evangelical Voters in 2024

By Lawrence Wilson The powerful voting bloc of evangelical Christians helped candidate Donald Trump win in 2016. Though reluctant supporters at first, they came to ...

Top Republicans Seeking to Question Leaders of Lobbying Firm Connected to Hunter Biden

By Zachary Stieber Top Republicans in the U.S. House of Representatives announced on Nov. 29 that they’re seeking interviews with executives at Blue Star Strategies, ...

These Experts Advocated for Lockdowns; Now They Say They Were Wrong

By Katie Spence As the dust settles from the COVID-19 pandemic and the fallout over lockdown policies becomes more pronounced, some lockdown proponents, like New ...

US Spends Billions on Overseas Wars, But Who Really Benefits

By Andrew Thornebrooke Concerns over incentivizing global conflicts are rising as the Biden administration requests more than $105 billion in supplemental security spending. The administration says the money, ...

Gag Order Reveals Partisan Nature of Trial, Trump Attorneys Argue

By Catherine Yang Attorneys for former President Donald Trump in a civil fraud case against him in New York state filed a 1,902-page brief on Nov. 27 ...

Biden Continues to Face Deteriorating Poll Numbers

By Emel Akan Over the last two years, President Joe Biden made great efforts to rally fractured Democrats behind his “Build Back Better” plan in ...

Gun Ownership in America Hits Record High

By Michael Clements Gun ownership among U.S. citizens is at its highest in more than two decades. According to a recent NBC News poll, more ...

NY GOP Mull House Speaker’s Influence on 2024 Elections

By Juliette Fairly When former New York Republican Congressman John Faso was competing for office in 2018, former Congressman Paul Ryan (R-Wis.), who was Speaker ...

Driverless Cars in California Immune from Traffic Tickets under Current Laws: Report

By Jill McLaughlin Autonomous cars driving city streets in California have run red lights, blocked emergency vehicles, and injured a pedestrian. But can they get ...

26 Lawmakers Will Not Be Seeking Reelection in 2024—Here’s the List

By Naveen Athrappully Several lawmakers from the GOP and Democratic parties will not be running for reelection in the 2024 race, with most retiring and ...

US Warship Shoots Down Multiple Drones Fired From Yemen

By Aldgra Fredly A U.S. warship shot down “multiple one-way attack drones” fired from Houthi-controlled areas in Yemen while it was cruising on the Red ...