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

Markets Shrug Off Impeachment of President Trump: ‘It’s a Non-Event’

By Tom Ozimek Stock markets in Europe and the United States shrugged off the Dec. 18 vote by the U.S. House of Representatives to impeach ...

Trump Accepts Pelosi’s Invitation to Deliver State of the Union Next Year

By Jack Phillips Two days after House Democrats voted to approve articles of impeachment, Speaker Nancy Pelosi (D-Calif.) on Friday invited President Donald Trump to ...

Ken Starr: House Dems have committed a ‘fraud on the high court of impeachment’

By Julia Musto | Fox News House Speaker Nancy Pelosi’s impeachment inquiry was “a fraud on the high court of impeachment,” former Whitewater Independent Counsel Ken Starr said Friday. Appearing on “The Ingraham Angle” with host ...

Sen. Blackburn calls out Dems’ failed impeachment strategy: ‘When you’re in a hole, stop digging’

By Joshua Nelson | Fox News Sen. Marsha Blackburn, R-Tenn., told “America Newsroom” on Friday that the House Democrats’ impeachment was a failed strategy that placed them in an adverse ...

Ari Fleischer: Impeachment stalemate ‘the dumbest thing Democrats have ever done’

By Joshua Nelson | Fox News Former White House Press Secretary Ari Fleischer scorched the notion that the House Democrats would gain leverage by withholding the Articles of impeachment against President ...

Chris Wallace: What may be driving Nancy Pelosi’s impeachment delay

By David Montanaro | Fox News “Fox News Sunday” anchor Chris Wallace believes House Speaker Nancy Pelosi may be trying to frustrate President Trump by withholding the articles of impeachment from the Senate, as the ...

Former ICE Director Slams New York Over Illegal Immigrant Driver Licenses

By Charlotte Cuthbertson WASHINGTON—Tom Homan, former acting director of Immigration and Customs Enforcement (ICE), struck out at New York politicians for enacting a new law that allows ...

Woman spurned in alleged Ilhan Omar affair cut off by court in bizarre divorce proceedings

By Marisa Schultz | Fox News A local judge granted a divorce Thursday to a D.C. doctor who accused Rep. Ilhan Omar of having an affair with her husband, ...

5 New Jersey officials, political candidates accused of taking massive bribes indicted

By Morgan Phillips | Fox News Five current and former New Jersey public officials are facing charges of accepting bribes following a major corruption investigation, the ...

Alan Dershowitz rebuts Laurence Tribe: ‘Unconstitutional’ for Pelosi to delay Senate trial on impeachment

By Sam Dorman | Fox News Former Harvard Law School Professor Alan Dershowitz wrote on Thursday that he thinks it’s “difficult to imagine anything more unconstitutional” than House Speaker Nancy Pelosi, ...

Republican and ex-Dem senator agree impeachment partisanship hurting the country: ‘We can’t go on like this

By Julia Musto | Fox News Republican Ed Rollins, former Dem senator Torricelli agree impeachment bad for the country “We can’t go on like this,” said Bob Torricelli, ...

Nancy Pelosi dubbed ‘swamp mistress’ on New York Post impeachment front page: ‘It’s your funeral’

By Brian Flood | Fox News The New York Post labeled House Speaker Nancy Pelosi, D-Calif., the “Swamp mistress” on its Thursday post-impeachment cover that says the decision will ...