USNN World News

Economy

Trump officials recommend executive action as stimulus talks break down

by USNN World NewsAugust 7, 2020August 7, 2020

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

NATIONAL NEWS

Police ID Person of Interest in Killing of UnitedHealthcare CEO

By Tom Ozimek Police have named a person of interest in the murder of UnitedHealthcare CEO Brian Thompson, identifying the individual as Luigi Mangione, who ...

Democrats to Lose Supermajority in Colorado House, Recounts Confirm

By Zachary Stieber Democrats in Colorado will be losing their supermajority in the state House of Representatives after recounts confirmed Republicans won several tight races ...

Trump Taps Attorney Alina Habba as Counselor to the President

By Melanie Sun President-elect Donald Trump tapped his long-time attorney Alina Habba to serve as counselor to the president in the White House, amid another ...

NYPD Releases 2 New Photos of Man Wanted for Questioning in Shooting of UnitedHealthcare CEO

By Jack Phillips The New York City Police Department (NYPD) released new photos of a man who is wanted for questioning in the shooting death ...

IRS Expands Its Armed Wing to Highest Level in Nearly a Decade

By Tom Ozimek The Internal Revenue Service Criminal Investigation (IRS-CI) division, the armed enforcement wing of the IRS tasked with combating financial crimes, has expanded ...

Trump Planning to Make Federal Workers Return to Office, Top Adviser Says

By Jack Phillips President-elect Donald Trump will order federal workers who have been working at home to return to the office, said his top adviser, ...

Melania Trump Credits Son Barron With Helping President-Elect Win 2024 Election

By Jack Phillips Melania Trump said on Friday in her first interview since the election that President-elect Donald Trump is receiving advice from their 18-year-old ...

With DOGE, Musk, Ramaswamy Confront the ‘Immovable Object’

By Mark Tapscott After Elon Musk asserted during the 2024 campaign that he could eliminate at least $2 trillion of unnecessary federal spending, the once ...

Powerful 7.0 Earthquake Strikes Off Coast of Northern California; Tsunami Warning Canceled

By Jack Phillips A 7.0-magnitude earthquake struck off the coast of Northern California on Dec. 5, according to U.S. officials, triggering a brief tsunami warning. The ...

US Must Do More to Replenish Munitions Stockpiles, Says White House’s Sullivan

By Andrew Thornebrooke The United States’ ability to replenish stockpiles of critical munitions is still insufficient for deterring a war with China’s communist regime, according ...

NYPD Releases New Photos of ‘Person of Interest’ in UnitedHealthcare CEO Shooting

By Jack Phillips Police released new photos of an individual wanted for questioning in the shooting of UnitedHealthcare CEO Brian Thompson in New York City ...

Republicans Split on Whether to Cut Earmarks Ahead of DOGE Meeting With Musk, Ramaswamy

By Arjun Singh WASHINGTON–Elon Musk and Vivek Ramaswamy, leaders of the incoming Trump administration’s Department of Government Efficiency (DOGE) initiative, will meet with Republicans in ...