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

Biden campaign spokeswoman pressed by Ed Henry on Hunter Biden and Burisma

By David Montanaro | Fox News A spokeswoman for the Biden campaign faced tough questioning from Fox News’ Ed Henry Friday over the vice president’s son’s past business dealings in Ukraine, ...

CNN anchor John King says Republicans make ‘legitimate point’ about whistleblower

By Sam Dorman | Fox News CNN anchor John King defended Republicans on Thursday, arguing they made a “legitimate point” in asking why the intelligence community whistleblower — who brought ...

Trump, at Iowa rally, taunts Dems before caucuses: ‘We’re beating them all’

By Morgan Phillips | Fox News President Trump taunted Democrats at a major rally in Iowa Thursday night on the eve of key Senate impeachment action and just days before the nation’s first ...

Alan Dershowitz tears into CNN on CNN: Your network ‘distorted’ my argument to ‘misinform viewers’

By Joseph A. Wulfsohn | Fox News Harvard Law Professor Alan Dershowitz tore into CNN during his appearance on the network over its coverage of his argument he made in ...

Former Trump Aide Page Sues DNC, Law Firm Over Steele Dossier

By Zacary StieberPresident Donald Trump’s former campaign aide Carter Page filed a lawsuit against the Democratic National Committee (DNC) and the Perkins Coie law firm ...

Swipe at Romney? Utah lawmaker introduces bill to recall US senators

By Tyler Olson | Fox News Republican Utah state Rep. Tim Quinn has introduced a bill in that state’s legislature that would allow voters to recall U.S. senators — a possible ...

Dr. Drew Pinsky hits Adam Schiff on homeless crisis in his own district: ‘He’s asleep at the wheel’

By Julia Musto | Fox News Senate impeachment trial manager Rep. Adam Schiff, D-Calif., is “asleep at the wheel” when it comes to his own district and is ignoring issues that ...

Hillary Clinton ‘intimidated’ by Tulsi Gabbard’s $50M lawsuit, won’t accept legal documents, lawyer claims: report

By Dom Calicchio | Fox News Hillary Clinton or her representatives have, on at least two occasions, declined to accept legal papers delivered in connection with Tulsi Gabbard’s lawsuit ...

Conservative Virginia Counties Float Seceding to West Virginia

By Matthew Vadum A long-shot proposal for Virginia counties to secede and become part of neighboring West Virginia gained momentum after conservative leader and Liberty ...

White House Told Bolton That Manuscript Included Top Secret Classified Information

By Zachary Stieber The White House told former national security adviser John Bolton that his manuscript included “significant amounts of classified information,” according to a Jan. ...

Fed Keeps Interest Rates Unchanged Amid Concern for Below-Target Inflation

By Tom Ozimek The Federal Reserve’s interest rate-setting body decided Wednesday to keep the benchmark Federal Funds target rate unchanged within the 1.5 to 1.75 percent range. Members ...

Election security in spotlight ahead of Georgia primary, amid tampering allegations

By Jayla Whitfield | Fox News ATLANTA — Since 2017, Georgia has been in a legal battle over the integrity of its elections. In December, the plaintiffs in the battle, the ...