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

Oil Up as Industries Switch From Gas, Little Sign Supply Crunch Easing

By Reuters Oil prices rose on Friday, and were on track for gains of nearly 5 percent this week, on signs some industries have begun switching fuel from ...

Virginia Judge Hands Victory to Parents, Sides Against Prosecutor on School Board Recall

By Jack Phillips A Virginia-based parent group attempting to oust five Loudoun County School Board members was given a small win after a Loudoun County Circuit Court judge ...

American Employers Added 194,000 Jobs in September, Far Below Expectations

By Tom Ozimek U.S. employers added fewer than 200,000 jobs in September, sharply undershooting market expectations and painting a picture of labor market recovery that’s ...

400 Workers Quit Large Michigan Hospital System Over COVID-19 Vaccine Mandate

By Zachary Stieber Approximately 400 healthcare workers at one of Michigan’s largest hospital systems have resigned over the system’s COVID-19 vaccine mandate. The roughly 33,000 workers at ...

Pennsylvania Democrats Protest Curriculum Transparency Bill

By Beth Belje The idea of parents having easy access to their children’s school curriculum was vigorously debated Wednesday in the Pennsylvania House of Representatives. Pennsylvania code already ...

Pfizer Scientists in Undercover Videos Say Natural Immunity Likely Better Than COVID-19 Vaccination

By Zachary Stieber A trio of scientists at Pfizer were recorded speaking to undercover reporters about the existence of natural immunity to the virus that causes COVID-19, ...

Households Brace for Higher Winter Heating Costs as Natural Gas Prices Vault

By Tom Ozimek The relentless rise in natural gas prices continued on Wednesday, highlighting the looming threat to American households bracing for higher heating costs in the ...

Zuckerberg Responds to Facebook Whistleblower’s Testimony, Says Claims ‘Don’t Make Sense’

By Katabella Roberts Facebook CEO Mark Zuckerberg has responded to claims made by former employee and whistleblower Frances Haugen in testimony before Congress on Oct. 5. Hague, who used to work as a lead ...

Six Key Takeaways From Senate Hearing With Facebook Whistleblower

By Joseph Lord The Senate heard testimony Tuesday from former Facebook employee Frances Haugen, who came before the Subcommittee on Consumer Protection, Product Safety, and Data Security to ...

Constitution Focus Groups Form in North Carolina to Question Local Governments’ Authority

By Matt McGregor ‘School boards being misled’ into making draconian mandates, says legal expert. Amid a climate of tightening restrictions, mandates, and dwindling freedoms, U.S. Constitution ...

Vermont Woman Fired, Denied Unemployment for Refusing Vaccine, Becomes Homeless and Flees to Florida

By Patricia Tolson ‘It Was Simply Because I Stood Up to This Vaccine Thing’. Karen “Kay Sea” Skau is a single mother of two adult children, ...

Abbott Calls for Tougher Penalties for Illegal Voting

By Tom Ozimek Texas Gov. Greg Abbott has called on the state’s lawmakers to impose harsher penalties for illegal voting, building on earlier efforts that ...