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

SpaceX Crew Launch Marks 600 Space Travelers in 60 Years

By The Associated Press CAPE CANAVERAL, Fla.—A SpaceX rocket carried four astronauts into orbit Wednesday night, including the 600th person to reach space in 60 years. The repeatedly ...

California Community College Overrun With ‘Fake Students/Bots’: Whistleblower

By Patricia Tolson In the wake of the transition to online training due to the COVID-19 pandemic, California community colleges have become overrun with “fake students/bots” ...

Judge Orders DOJ to Stop Extracting Data from James O’Keefe’s Phone

By Mimi Nguyen Ly A federal court on Nov. 11 ordered the Department of Justice (DOJ) to stop extracting and reviewing data from phones belonging ...

A Tribute For Our Heroes On Veterans Day

By The Veterans Site, Greater Good Veterans Day is a time to honor all the brave men and women among us who, at one time ...

Pennsylvania Judges Strike Down School Mask Mandate

By Zachary Stieber A court in Pennsylvania on Wednesday struck down an order that required masks in schools. Acting Health Secretary Alison Beam’s order, which also mandated masks ...

Natural Gas Prices Expected to Be Volatile This Winter Amid Uncertainty About Weather: EIA

By Katabella Roberts Natural gas prices are expected to be “volatile” across the United States as the winter heating season begins amid uncertainty about the weather, according to the ...

Relief from High Prices Unlikely, Analysts Say Ahead of Consumer Inflation Data Release

By Tom Ozimek With investors closely eyeing two major data releases this week on inflation—one on producer input costs and the other on consumer prices—Wells Fargo ...

Biden Administration Weighs Shutting Another Pipeline, White House Confirms

By Jack Phillips The Biden administration is reviewing shutting a pipeline in Michigan after anonymously sourced reports said federal officials were quietly studying its potential environmental impact, ...

High Wind Delays SpaceX Crew Homecoming After 6 Months Aloft

By The Associated Press, Marcia Dunn CAPE CANAVERAL, Fla.—High wind off the Florida coast has prompted SpaceX to delay the return of four space station astronauts in ...

Democrats’ Proposed Build Back Better Act a Gift to Unions, Report Says

By Matthew Vadum Provisions in the Democrats’ proposed “Build Back Better Act,” a massive social spending bill that will cost trillions of dollars, will boost ...

‘Many’ More Durham Indictments Likely in Connection to Steele Dossier: Former Director of National Intelligence

By Jack Phillips Former Director of National Intelligence John Ratcliffe said he expects special counsel John Durham’s team to indict more suspects in connection to the origins ...

Number of Americans in Hospital With COVID-19 Drops to Lowest Number in Months

By Zachary Stieber The number of hospital patients in the United States with COVID-19 has dropped consistently in recent weeks, reaching a low not seen since early ...