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

Senate Votes to Make Daylight Savings Time Permanent

By Joseph Lord In a unanimous voice vote, the Senate passed a bill that would make daylight savings time permanent, potentially putting an end to twice-annual time changes. The measure, ...

White House Warns of ‘Severe Consequences’ Congress Doesn’t Pass COVID-19 Aid

By Jack Phillips The White House warned that it will have to make cutbacks to the U.S. COVID-19 response if Congress doesn’t authorize new funding. “As the Administration has warned, ...

2020 Election Nullification, Audit Bills Dead or Dying in State Legislatures

By John Haughey Nine of 10 bills filed in six states seeking to audit 2020 election results—including three that would have nullified Joe Biden’s victory—have ...

Michigan Election Official Charged With Ballot Tampering, Misconduct

By Jack Phillips A Michigan county elections official and former township clerk was charged with ballot tampering related to the August 2020 primary election, according to state ...

DHS Collected Americans’ Financial Records in Bulk: Sen. Wyden

By Ken Silva The Department of Homeland Security (DHS) has collected Americans’ financial records in bulk, according to Sen. Ron Wyden (D-Ore.). Wyden revealed the existence of a ...

Massachusetts to Reduce ‘Significant Overcount’ of COVID-19 Deaths

By Harry Lee The Massachusetts Public Health Department announced Thursday that the state would lower its COVID-19 death count by 3,700 due to new measuring ...

Democrat Spending Bill Contains ‘Serious Expansion of Federal Gun Control’: Gun Rights Group

By Joseph Lord Democrats’ $1.5 trillion omnibus spending package, unveiled early Wednesday, includes provisions that constitute “a serious expansion of federal gun control” according to ...

Illinois Illegally Denied Elections Group Access to Voter Records, Federal Court Rules

By Matthew Vadum A federal court ruled that Illinois violated the National Voter Registration Act (NVRA) when it refused to provide an election integrity group with access ...

US Inflation Rises 7.9 Percent in February, Hitting a New 40-year High

By Andrew Moran The U.S. annual inflation rate surged to 7.9 percent in February, matching the market estimate, new data show. Last month, the core inflation rate, which strips the ...

House Passes $1.5 Trillion Spending Bill With $13.6 Billion for Ukraine

By Isabel Van Brugen The U.S. House of Representatives voted on Wednesday to pass a $1.5 trillion omnibus spending bill that includes $13.6 billion in ...

Facebook Called Out For Vaccine Marketing Alliance

By Alice Giordano A health alliance formed by Facebook in June of 2021 has been funding research into “how best to use behavioral science, social media and digital platforms ...

10,000 Uncounted Ballots Found in Texas County: Officials

By Jack Phillips Officials in Texas said they discovered about 10,000 uncounted ballots in last week’s primary election, which led to a delay in the results. The Harris County Elections ...