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

House Votes to End Longest-Ever Shutdown, Sending Bill to Trump’s Desk

By Joseph Lord and Nathan Worcester WASHINGTON—The House of Representatives on Nov. 12 passed a legislative package to end the longest government shutdown in U.S. ...

Hegseth Outlines 5 Pillars for Overhauling US Arms Procurement Process

By Ryan Morgan As the Pentagon reflects on recent conflicts and assesses the challenges to come, it is preparing several measures to dramatically overhaul its ...

Probe Launched After Antifa Targets Turning Point USA Event at UC Berkeley: DOJ Official

By Janice Hisle Federal authorities are investigating events surrounding a violent Antifa protest at a conservative gathering in California, a top Justice Department official announced ...

56 Arrested in Massachusetts Child Porn Sweep

By Jill McLaughlin Massachusetts authorities arrested 56 people across the state for alleged child pornography activities in a crime sweep dubbed “Operation Firewall,” state police ...

101 Missing Children in Memphis Rescued by US Marshals

By Jack Phillips The U.S. Marshals Service has located and returned dozens of missing children in Memphis, Tennessee, over the past several weeks, the law ...

ICE Has Received More Than 200,000 Job Applications: DHS

By Naveen Athrappully Immigration and Customs Enforcement (ICE) has received more than 200,000 job applications, the Department of Homeland Security (DHS) stated in an X ...

Arctic Blast Sweeps Into US, Bringing Early Snow and Record Lows

By Savannah Hulsey Pointer The first blast of Arctic air of the season pushed into the interior of the United States on Nov. 10. The ...

Federal Judge Dismisses Criminal Case Against Boeing for 737 MAX Crashes

By Arjun Singh Chief Judge Reed O’Connor of the U.S. District Court for the Northern District of Texas on Nov. 6 dismissed a federal criminal ...

Supreme Court Allows Trump’s Policy Requiring Sex at Birth on Passports

By Matthew Vadum The U.S. Supreme Court on Nov. 6 allowed the Trump administration to enforce its policy requiring the sex designation on a U.S. ...

Louisville Muhammad Ali International Airport to Reopen Wednesday Morning After Deadly UPS Crash

By Jacki Thrapp Smoke billowed through the air over the Louisville Muhammad Ali International Airport in Kentucky early Wednesday morning after a UPS cargo plane ...

At Least 7 Killed, 11 Injured in UPS Cargo Plane Crash in Kentucky

By Kimberly Hayek A UPS cargo plane crashed on Tuesday near Louisville Muhammad Ali International Airport (SDF) in Kentucky, killing at least seven and injuring ...

Cybersecurity Agents Accused of Working With Notorious Blackcat Hackers to Extort Firms

By Rachel Roberts Three rogue cybersecurity professionals ran a covert ransomware operation aimed at extorting companies across the United States by encrypting their networks, prosecutors ...