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

Rand Paul calls for investigation of Dem senators, says they threatened Ukraine aid during Mueller probe

By Nick Givas | Fox News An official investigation should be launched into three Democratic senators who threatened to withhold federal aid to Ukraine if the country’s prosecutor general didn’t assist ...

Bernie Sanders slams Elizabeth Warren as ‘capitalist’

By Alex Pappas | Fox News Vermont Sen. Bernie Sanders – the self-proclaimed Democratic socialist whose standing in the 2020 primary has become threatened by Massachusetts Sen. Elizabeth Warren’s surge in ...

Schiff admits he should have been ‘much more clear’ about contact with whistleblower

By Andrew O’Reilly | Fox News House Intelligence Committee Chairman Adam Schiff, D-Calif., admitted on Sunday that he should have been clearer about his contact with the whistleblower who filed ...

Republicans accuse Cummings of violating bipartisan agreement with ‘abusive’ DHS subpoenas

By Ronn Blitzer | Fox News Republican leaders claim that House Oversight Committee Chairman Elijah Cummings, D-Md., is violating an agreement between their parties after the Democrat subpoenaed ...

Collins: Schiff wants interviews kept secret because Dems ‘can’t win this in the public eye’

By Ronn Blitzer | Fox News House committees are expected to continue their series of closed-door transcribed interviews as part of their impeachment-related investigation of President Trump ...

Louisiana election heads to runoff with Democrat Edwards to face GOP’s Rispone

By Vandana Rambaran | Fox News Louisiana’s Democratic governor, John Bel Edwards, will have to face a runoff election in November as he failed to garner at least ...

Trump says Obama ‘hiding’ from questions about Bidens and Ukraine: ‘I think he knows all about it’

By Melissa Leon | Fox News Former President Barack Obama has been hiding from questions about former Vice President Joe Biden, his son Hunter and Hunter’s work for a gas company ...

Rose McGowan rips Hillary Clinton over ties to ‘predators’ Bill Clinton, Harvey Weinstein

By Brie Stimson | Fox News Rose McGowan called out Hillary Clinton last week over a report that Clinton’s publicist told journalist Ronan Farrow that his investigation into Harvey Weinstein’s alleged ...

‘Hunter Biden’ a topic CNN, NBC, MSNBC don’t seem to like, law professor says

By Dom Calicchio | Fox News Want to watch a left-leaning TV journalist quickly change the subject? Just mention Hunter Biden, son of former Vice President Joe Biden. “For ...

Trump encourages Louisianians to vote, says Pelosi ‘hates the United States’ at second rally in as many days

By Vandana Rambaran | Fox News President Trump slammed House Speaker Nancy Pelosi, D-Calif., at his second campaign rally in as many nights Friday, saying “Nancy Pelosi hates the ...

STUNNING. FOX News Plays Trick on Viewers – Oversamples Democrats by 14 POINTS in Junk Impeachment Poll

By Paul Martin and Jim Hoft FOX News Plays Trick on Viewers – Oversamples Democrats by 14 POINTS in Junk Impeachment Poll Some people are blaming ...

California adopts nation’s broadest gun seizure laws

By Melissa Leon | Fox News California Democratic Gov. Gavin Newsom signed 15 gun-related bills into law Friday, tightening the state’s already-stringent Second Amendment restrictions. One of the bills, which expands a so-called “red ...