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

Musk Vows to Primary Republicans Who Vote for GOP Megabill

By Joseph Lord Tesla and SpaceX CEO Elon Musk vowed on June 30 that he would primary any Republican who casts a vote for the ...

Senate Heads Toward Final Vote for Trump’s ‘Big Beautiful Bill’

By Joseph Lord The Senate on Monday began the amendment process known as a vote-a-rama on the One Big Beautiful Bill Act ahead of the ...

DOJ Sues Los Angeles Over Sanctuary Policies

By Jill McLaughlin The Trump administration sued the city of Los Angeles on June 30, alleging that the city’s sanctuary policies prohibited immigration officers from ...

Senate Wraps up Debate on Republican Megabill as ‘Vote-a-Rama’ Set to Begin Monday

By Joseph Lord The Senate in the early hours of Monday morning wrapped up its debate on the One Big Beautiful Bill Act ahead of ...

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

By Emel Akan WASHINGTON—President Donald Trump said on June 29 that he will soon send letters to trading partners detailing the tariffs to be imposed ...

Federal Judge Refuses to Block DOGE Access to Sensitive Government Data

By Tom Ozimek A federal judge on Friday allowed the Department of Government Efficiency (DOGE) to continue to access sensitive data on millions of Americans ...

Supreme Court Sides With Trump Admin, Limits Nationwide Injunctions

By Sam Dorman The Supreme Court partially allowed President Donald Trump’s birthright citizenship executive order on June 27 in a decision that said universal injunctions likely ...

US Imposes Visa Restrictions on Family Members, Associates of Sanctioned Drug Traffickers

By Aldgra Fredly The United States will implement a new visa restriction policy targeting the relatives and business associates of foreign nationals sanctioned for drug ...

The Secret 15-Year Plan Behind US Strikes on Iran

By Ryan Morgan WASHINGTON—The United States’ B-2 stealth bomber strike on Iran’s Fordow uranium enrichment facility was the culmination of more than 15 years of ...

Food Independence Summit Teaches a Return to Self-Sufficient Roots

By Jeff Louderback WALNUT CREEK, Ohio—Decades ago, many Americans knew the origin of their food. They lived in rural areas, grew their own food, and ...

FBI Official Says 449 Alleged Child Predators Arrested in 2 Operations

By Jack Phillips FBI Deputy Director Dan Bongino said this week that 449 child sexual predators were arrested and more than 200 children were rescued ...

Gabbard Says ‘New Intelligence’ Shows Iran Nuclear Facilities Destroyed

By Jack Phillips Director of National Intelligence Tulsi Gabbard said on Wednesday that new intelligence has shown that U.S. strikes on Iran set back the ...