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

Nunes questions Schiff about ‘magical 15 minutes’ during lengthy impeachment hearing

By Andrew O’Reilly | Fox News The ranking Republican on the House Intelligence Committee continued Tuesday evening to criticize the committee’s lengthy impeachment hearings into President Trump, and committee Chairman ...

McCarthy: Dems know it’s ‘inappropriate’ to even float idea of Trump testifying in impeachment inquiry

By Nick Givas | Fox News There is almost a “zero” chance President Trump accepts House Speaker Nancy Pelosi’s, D-Calf., invitation to testify before Congress in his own impeachment inquiry, for fear that ...

No mention of Bidens, Burisma while Ukraine military aid was held up, State official testifies

By Gregg Re | Fox News David Hale, the State Department’s No. 3 official, testified in a Nov. 6 closed-door deposition that no one in the Trump administration ...

TOM FITTON: JOE BIDEN ADMITS TO DOING ‘EXACTLY’ WHAT NANCY PELOSI IS ACCUSING PRESIDENT TRUMP OF!

By Judicial Watch Judicial Watch President Tom Fitton joins “Mornings on the Mall” on WMAL radio show to discuss the latest of the impeachment ...

Epstein accuser says she once took Bill Clinton’s seat on private jet, saw bedroom floor made of mattress foam

By Brian Flood | Fox News A woman who came forward with accusations of child sex abuse against Jeffrey Epstein on Monday described a disturbing encounter with the now-deceased ...

The Difference Between Schiff and Shinola

By David Catron The moment House Speaker Nancy Pelosi chose Adam Schiff to be the point man for the House “impeachment inquiry,” the effort to create ...

The Military Clemencies Trump Got Right

By Jed Babbin egardless of what President Trump does, the media are quick to find “experts” to condemn his action. They’re doing that right now to ...

Barr Criticizes ‘Incendiary’ Idea of ‘Resistance,’ Defends Trump’s Use of Executive Power

By Yael Halon | Fox News Rep. Jeff Van Drew, D-N.J., stood by his vote against the House impeachment inquiry following the first round of public impeachment hearings last week — ...

Official’s testimony on Trump-Ukraine call conflicts with top diplomat’s story

By Brooke Singman | Fox News State Department official David Holmes’ testimony on a newly revealed phone call between President Trump and Ambassador to the EU Gordon ...

After Florida county becomes ‘2nd Amendment sanctuary,’ others in state want to follow suit

By Elina Shirazi | Fox News TAVARES, Fla. – Earlier this month, a Florida county became the state’s first so-called “Second Amendment sanctuary,” passing a resolution strengthening gun rights and rejecting ...

White House official sues Politico, targets Schiff’s role in impeachment

By Howard Kurtz | Fox News White House official sues Politico for $25M over Ukraine story White House official Kash Patel, the National Security Council’s senior counterterrorism director, ...

Elise Stefanik emerges as main Schiff antagonist in fiery impeachment hearings

By Adam Shaw | Fox News Rep. Elise Stefanik, R-N.Y., emerged this week as a central figure on the Republican side of the House Intelligence Committee in ...