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

2020 Candidate Deval Patrick Cancels Campaign Event After Only 2 People Show Up

By GQ Pan Former Massachusetts Gov. Deval Patrick, who launched his Democratic presidential bid last week, canceled a campaign event after only two people showed ...

Graham Reveals Release Date of Inspector General Horowitz’s Report on Alleged FISA Abuse

By Janita Kan Sen. Lindsey Graham (R-S.C.) has revealed the release date of the Justice Department Inspector General Michael Horowitz‘s report on alleged Foreign Intelligence Surveillance Act (FISA) ...

California Supreme Court rejects law requiring Trump to release tax returns to get on ballot

By Andrew O’Reilly | Fox News The California Supreme Court on Thursday struck down a state law that would have required President Trump to release his tax returns in order to ...

Tucker Carlson: Trump impeachment inquiry message to voters – You can’t make policy changes, shut up and obey

By Tucker Carlson | Fox News Like an HR meeting convened in hell, the whole Ukraine impeachment saga is boring, hard to understand, and apparently goes on for eternity. ...

Victor Davis Hanson: Fear of a deep state coup is not just right-wing paranoia

By Victor Davis Hanson | Tribune Media Services For most of the last three years, Donald Trump’s critics have scoffed at supposed “conspiracy theories” that claimed a “deep state” ...

Mark Meadows: Impeachment hearing produced this ‘real bombshell’

By Vandana Rambaran | Fox News GOP Rep. Mike Turner, R-Ohio, hammered America’s ambassador to the European Union, Gordon Sondland, during Wednesday’s testimony, seizing on Sondland’s admission that he never ...

The Real Problem With Impeachment Is the People’s Sovereignty

By Shmuel Klatzkin And the Deep State is decidedly against it. n November 14’s Wall Street Journal, Peggy Noonan properly calls to mind the American ideal ...

A Republic, But Only If We Can Keep It

By E. DONALD ELLIOTT How the Second American Civil War could begin. As Benjamin Franklin was leaving the Constitutional Convention, he was asked, “What ...

Morrison, Volker undercut claims of ‘quid pro quo,’ ‘bribery’ and ‘cover-up’ in pivotal day of testimony

By Gregg Re, Alex Pappas | Fox News Republicans sounded a celebratory note as House Democrats’ impeachment inquiry wrapped up another day of public hearings Tuesday evening, saying the day’s witnesses had served ...

Trump slams Pelosi as ‘grossly incompetent’ for trade deal handling, calls impeachment inquiry a ‘kangaroo court’

By Andrew O’Reilly | Fox News President Trump on Tuesday upbraided House Speaker Nancy Pelosi, D-Calif., for allowing House lawmakers to focus on the ongoing impeachment inquiry instead of voting ...

Jeffrey Epstein prison guards charged with falsifying records

By Greg Norman | Fox News Two prison guards who were on duty during the night Jeffrey Epstein killed himself have been taken into custody Tuesday on federal charges ...

GOP lawmaker slams Schiff during impeachment hearing, demands proof of whistleblower ‘immunity’

By Charles Creitz | Fox News House Intelligence Committee member Mike Conaway, R-Texas, criticized Rep. Adam Schiff, D-Calif., as Conaway completed his questioning of witnesses during Tuesday’s impeachment inquiry hearing. Conaway made ...