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

RFK Jr. Combats ‘Censorship’ and ‘Misinformation’ With Alternative Campaign Strategy

By Jeff Louderback So-called censorship and misinformation, Robert F. Kennedy Jr. has said, are hurdles that he must overcome in his bid to become president. ...

Iowa Crowd Cheers Nearly Nonstop as Trump Seeks to ‘Wrap Up’ GOP Primary

By Janice Hisle FORT DODGE, Iowa–Hours before former President Donald Trump took the stage here, his campaign sent out a text message declaring his intent: ...

Pro-Palestinian Protesters Stop Traffic on Bay Bridge, Dozens Cited and Released

By Travis Gillmore Hundreds of protesters demanding a ceasefire in Gaza disrupted westbound morning traffic into San Francisco Nov. 16 beginning around 7:40 a.m., as ...

New Email Shows Fauci Adviser Suggesting He Destroyed Records

By Zachary Stieber A top deputy to Dr. Anthony Fauci indicated in a newly uncovered email that he purposefully did not keep records that he ...

House Democrat Announces Retirement as Exodus Grows

By Zachary Stieber Rep. Dan Kildee (D-Mich.) on Nov. 16 said he’s retiring at the end of his term, joining a growing number of members ...

Trump or Biden: Who Is Most at Risk From RFK Jr.’s Independent Run

By Jeff Louderback When Robert F. Kennedy Jr. announced he would run as an independent instead of remaining a contender for the Democrat Party’s 2024 ...

House Conservatives Block Spending Bill in Setback for Johnson

By Lawrence Wilson and Joseph Lord House Republicans handed Rep. Mike Johnson (R-La.) a legislative loss on Nov. 15 by blocking consideration of a spending ...

New Hampshire Officially Defies DNC Primary Calendar

By Alice Giordano In officially defying the Democratic National Committee’s new primary calendar, the New Hampshire Secretary of State announced on Nov. 15 that the ...

Trump Team Denounces Media ‘Narrative’ About Possible 2nd-Term Agenda

By Janice Hisle In recent weeks, as former President Donald Trump’s dominance in polls has held steady or increased, national media outlets have been publishing ...

Pentagon Confirms US Troops Attacked 55 Times in Iraq and Syria Since Oct. 17

By Ryan Morgan U.S. troops stationed in Iraq and Syria have come under attack from rockets and explosive-laden one-way drones 55 separate times in the ...

Backers See a 2025 Trump–Johnson Team as a Panacea for America

By Mark Tapscott It’s possible that on Jan. 20, 2025, former President Donald Trump will be inaugurated for a second time, and Rep. Mike Johnson ...

Jack Smith Says Trump Lawyers Misled Special Counsel on Televising Upcoming Trial

By Zachary Stieber Former President Donald Trump’s lawyers changed their position on whether to televise his upcoming trial, special counsel Jack Smith said in a ...