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

ANALYSIS: Republicans Look to Flip 2 Governorships in 2023 Contests

By Lawrence Wilson Republicans could add to their advantage in state leadership by winning two races against Democrat governors this fall. Of the three 2023 gubernatorial ...

RFK Jr. Campaign Accuses DNC of Being Undemocratic

By Jack Phillips The presidential campaign of Robert F. Kennedy Jr. alleged that the Democratic National Committee is trying to prevent it from challenging President Joe ...

Trump Files Motion for Judge Tanya Chutkan to Recuse Herself in Federal Case

By Jack Phillips Former President Donald Trump has asked District Judge Tanya Chutkan to recuse herself from a federal election subversion case brought against him ...

Watchdog Discovers Thousands Unexplained Changes in Florida Voter Rolls

By Steven Kovac The names of thousands of voters disappeared from the voter rolls in a Florida county shortly before the 2022 midterm election only ...

America Mourns, Honors Lives Lost on 22nd Anniversary of 9/11 Attacks

By Bill Pan Moments of silence were observed around the United States on Sept. 11 in remembrance of the deadliest terrorist attack on U.S. homeland ...

JFK Assassination Witness Breaks 60-Year Silence, Refutes Key Claim

By Jack Phillips A witness to the assassination of President John F. Kennedy spoke out for the first time in 60 years and refuted a ...

RFK Jr. as Third Party Candidate Will Make It Harder for Democrats to ‘Cheat’: Kari Lake

By Naveen Athrappully Former GOP gubernatorial candidate Kari Lake is expecting a potential third-party candidate like Robert F. Kennedy Jr. to make it harder for ...

22 Years On, Is the US Ready for a Next Big Attack

By Terri Wu If 9/11 were to happen again, it would not take the same form. The United States has evolved, and so have our ...

‘Utter Madness:’ Elon Musk Reacts to California’s Proposed Gender Affirming Law

By Dorothy Li Tech entrepreneur and California resident Elon Musk criticized an assembly bill in the state, calling the proposed law to require that parents ...

Democrats Search for Alternatives to Biden Over Concerns About Age

By Joe Gomez President Joe Biden is facing a crisis with Democrat-leaning voters as he runs for reelection, with the majority saying they would prefer ...

New Mexico Governor Bans Carrying Guns, Says Constitution Not ‘Absolute’

By Tom Ozimek New Mexico Gov. Michelle Lujan Grisham on Friday imposed a temporary ban on carrying guns in public in parts of the state ...

Robert F. Kennedy Jr. Wants His Party Back

By Jeff Louderback On a steamy summer morning, Robert F. Kennedy Jr. strode into a hotel conference room in Columbia, South Carolina, amid a barnstorming ...