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

Newt Gingrich blasts Pelosi’s impeachment push: ‘All political…will have no effect’ on Trump’s agenda

By Matt London | Fox News Newt Gingrich dismissed House Speaker Nancy Pelosi’s D-Cali., announcement of an “official” impeachment inquiry of President Donald Trump, calling it “all political” and ...

Judge Pirro blasts Democrats’ impeachment inquiry: ‘This is a setup’

By David Montanaro | Fox News Fox News host Judge Jeanine Pirro said Friday that the explosive whistleblower complaint that has led to an impeachment inquiry against President Trump “was a ...

BREAKING: Solomon Bombshell — Ukrainian Prosecutor Shokin Details BIDEN’S SHAKEDOWN — WILL LIKELY END BIDEN CAMPAIGN!

By Paul Martin, Jim HoftTheGatewayPundit.com Investigative journalist John Solomon told Sean Hannity on Wednesday night that he has over 400 pages of documents that ...

The New York Times mocked for ‘Star Wars’ themed, anti-Trump video

By Brian Flood | Fox News The New York Times was lampooned on social media Thursday for tweeting a “Star Wars”-style video declaring that President Trump “has launched a fresh assault on ...

Tucker Carlson: Ukraine story shows Dems are so obsessed with Trump, they’re destroying themselves – and Biden

By Tucker Carlson | Fox News One of the most bewildering facts of our current moment is how quickly everything moves. For example, remember the latest New York Times hit piece ...

Kellyanne Conway blasts Ukraine call ‘leaker’: ‘I hope you’re watching’

By Charles Creitz | Fox News White House counselor Kellyanne Conway has taken aim at the unnamed “leaker” who raised concerns about President Trump’s phone call with Ukrainian leader Volodymyr ...

Republicans want whistleblower’s sources, as inconsistencies in complaint emerge

By Gregg Re | Fox News Top Republicans on Thursday pushed to identify the White House officials who told a whistleblower of alleged misconduct by the Trump administration, ...

Fox News hosts break down Trump’s phone call controversy and Dems’ impeachment push

By Yael Halon | Fox News Fox News’ primetime hosts reacted last night to the latest developments as Democrats ramp up their so-called impeachment inquiry of President Trump. All of the ...

Intel chief defends handling of Trump call complaint, spars with Schiff in tense hearing

By Brooke Singman | Fox News Acting Director of National Intelligence Joseph Maguire, in tense testimony Thursday on Capitol Hill, defended his handling of the explosive whistleblower complaint alleging President ...

Sen. Graham: Impeachment call before transcript was released tells me Pelosi ‘has lost control’

By Victor Garcia | Fox News Sen. Lindsey Graham, R-S.C., said House Speaker Nancy Pelosi has “lost control” after she announced an impeachment inquiry Tuesday, defending President Trump against allegations he acted ...

Rush Limbaugh: Democrats and media already experiencing ‘blowback’ over attacks on Trump

By Victor Garcia | Fox News Conservative radio talk show Rush Limbaugh said Wednesday that Democrats are already experiencing “blowback” for taking aim against President Trump, including their push for impeachment following ...

Cory Booker dodges question about Biden’s Ukraine ties, says Trump’s actions a ‘bridge too far’

By Nick Givas | Fox News Sen. Corey Booker, D-N.J., side steps question on Biden’s ties to Ukraine, as Congress beats impeachment drum. 2020 presidential hopeful Sen. Cory Booker, D-N.J., ...