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

Michigan Undercounted COVID-19 Nursing Home Deaths by 30 Percent, Auditor Finds

By Steven Kovac The administration of Michigan Gov. Gretchen Whitmer underreported the number of nursing home residents who died from COVID-19 by 30 percent, according to a report by ...

Florida Opens Five New COVID Treatment Sites as Feds Release Monoclonals

By Jannis Falkenstern At the request of Gov. Ron DeSantis, the Florida Department of Health has opened five additional sites to make sure that COVID-19 patients get the monoclonal ...

The Escalating Nationwide Battle Over Private Millions to Bankroll Public Elections

By Real Clear Investigations Democrats across the country are pushing to continue allowing private money to fund public elections as Republicans try to limit the practice, ...

Babbitt Tried to Stop Attack on Capitol Speaker’s Lobby, Video Shows

By Joseph M. Hanneman Ashli Babbitt, who was fatally shot by a police officer at the U.S. Capitol on Jan. 6, 2021, desperately tried to prevent ...

Most Americans now Republican thanks to Biden’s failures

By Conn Carroll Commentary Editor More people now identify as Republican than at any other time this century, according to Gallup’s latest political party preference report. Republicans ...

White House Report Card: Biden’s shrinking presidency stalling out

By Paul Bedard Washington Secrets Columnist This week’s White House Report Card finds President Joe Biden and his agenda stalled out, leaving him little to brag about ...

New push to eliminate ‘corrupt’ FBI amid ‘baffling’ synagogue reasoning

By WND Staff The FBI is being fiercely hammered for saying the Texas synagogue hostage taker’s demands were “not specifically related to the Jewish community,” ...

Fauci’s Financial Disclosures Made Public by Senator

By Zachary Stieber Dr. Anthony Fauci’s two most recent financial disclosures have been made available for public perusal by a senator. Sen. Roger Marshall (R-Kan.) obtained and published the ...

Denial of Natural Immunity in CMS Vaccine Mandate ‘Unprecedented in Modern History’: Scott Atlas

By Allen Zhong and Jan Jekielek Denying natural immunity in the Centers for Medicare & Medicaid Service (CMS) vaccine mandates is “unprecedented in modern history,” a prominent public ...

Fact-checker busts Biden and Harris as they demand death of filibuster

By Bob Unruh Joe Biden and Kamala Harris are campaigning right now for the Senate to kill its longstanding filibuster rule that essentially requires at ...

Inside job: Letter calling parents ‘domestic terrorists’ originated in Biden admin

By Bob Unruh U.S. Education Secretary Miguel Cardona has been accused of actually soliciting a letter from the National School Boards Association that Attorney General ...

‘Very Disturbing’: Watchdog Finds Fundraising Surges for Secretary of State Candidates in Swing State

By Isabel Van Brugen Fundraising has spiked for candidates running for secretary of state in the key swing states of Georgia, Michigan, and Minnesota compared to past cycles, according ...