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

Ilhan Omar issues terse denial on allegations of affair with married DC consultant

By Ronn Blitzer | Fox News Minnesota Democratic Rep. Ilhan Omar is denying allegations of an affair with a married Washington, D.C., consultant. The accusations emerged earlier this week in a ...

Trump demands apology from NBC News over ‘false and defamatory’ report, threatens legal action in scorching letter

By Brian Flood | Fox News President Trump’s legal team sent a harshly worded letter to NBC Wednesday demanding an apology and retraction for “false and defamatory, and extremely damaging” ...

AOC suggests ‘informed’ millennials are first generation to protest government, forgets about the ‘60s

By Ronn Blitzer | Fox News Rep. Alexandria Ocasio-Cortez made some bold claims in her latest Instagram Live video, suggesting millennials and Generation Z are better “informed” and more well-versed ...

Winter to feature ‘Polar Coaster’ mix of frigid temperatures, snow: Farmers’ Almanac

By Travis Fedschun | Fox News Enjoy the last days of summer, because a wild ride apparently is in store this winter. The Farmers’ Almanac is predicting that “bitterly cold ...

2020 Democrats fume at DNC over debate criteria crackdown

By Paul Steinhauser | Fox News With the deadline to qualify for next month’s third round of Democratic presidential debates closing in, the Democratic National Committee is facing an ...

Millennials care less about patriotism, religion and family than previous generations, study says

By Brian Flood | Fox News Millennials don’t value patriotism, family and religion as passionately as previous generations, according to a new survey. “The values that Americans say define the national ...

Sanders campaign co-chair says Biden ‘regretted’ Obama assassination comment

By Andrew O’Reilly | Fox News The co-chair of Bernie Sanders’ election campaign dodged a question on Sunday about former Vice President Joe Biden’s recent gaffes while on the stump by ...

CNN Faces Heat for Hiring Fired FBI Official Andrew McCabe as Contributor

BY JANITA KAN CNN announced on Aug. 23 that fired FBI Deputy Director Andrew McCabe has joined the network as a contributor, a decision that quickly drew backlash ...

Ex-Overstock CEO Patrick Byrne says he got ‘fishy’ orders from Peter Strzok; former acting AG unsure of claims

By Charles Creitz | Fox News Overstock founder and CEO Patrick Byrne, who resigned Thursday amid ties to a government probe related to the 2016 election, claimed he received “fishy” ...

More GSA debauchery: Probe finds ex-official had sex on agency’s roof with White House staffer

By Judson Berger | Fox News The same agency that sparked a firestorm during the Obama administration for lavish spending at a Vegas conference – complete with a widely ...

Moulton ends long-shot White House bid, in latest 2020 Dem drop-out

By Paul Steinhauser | Fox News Rep. Seth Moulton of Massachusetts repeatedly has said he’s not a quitter. But on Friday, the three-term congressman and U.S. Marine veteran who ...

Apple iPhone 7 radiation test prompts FCC investigation: report

By Christopher Carbone | Fox News Apple’s popular iPhone 7 produced radio frequency radiation above the legal limit in a new test, prompting the Federal Communications Commission (FCC) ...