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Category: Executive Branch

The Executive Branch of the United States Government

Trump officials recommend executive action as stimulus talks break down
Posted inEconomy

Trump officials recommend executive action as stimulus talks break down

USNN World Newsby USNN World NewsAugust 7, 2020August 7, 2020
Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast
Posted inHealthcare

Russia claims it will win race in finding coronavirus vaccine, scientists say not so fast

USNN World Newsby USNN World NewsAugust 7, 2020August 7, 2020
China opposes US orders against TikTok, WeChat, to defend interests
Posted inNational Security & Defense

China opposes US orders against TikTok, WeChat, to defend interests

USNN World Newsby USNN World NewsAugust 7, 2020June 20, 2024
US employers hire 1.8M despite new COVID-19 shutdowns
Posted inEconomy

US employers hire 1.8M despite new COVID-19 shutdowns

USNN World Newsby USNN World NewsAugust 7, 2020December 5, 2024
GOP senators pitch extending extra unemployment aid through end of year
Posted inEconomy

GOP senators pitch extending extra unemployment aid through end of year

USNN World Newsby USNN World NewsAugust 6, 2020August 6, 2020
Capital One slapped with $80M fine for 2019 data hack
Posted inEconomy

Capital One slapped with $80M fine for 2019 data hack

USNN World Newsby 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.”
Posted inEconomy

In SALT cap stimulus square-off, lawmakers squabble over $10,000 deduction limit

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
McConnell open to extending $600 unemployment boost in coronavirus stimulus deal
Posted inEconomy

McConnell open to extending $600 unemployment boost in coronavirus stimulus deal

USNN World Newsby USNN World NewsAugust 5, 2020August 19, 2024
McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion
Posted inEconomy

McConnell mocks Malibu for seeking stimulus funding to help with electric car conversion

USNN World Newsby USNN World NewsAugust 5, 2020August 5, 2020
Stocks rally as slow coronavirus-relief talks move in 'right direction'
Posted inEconomy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

USNN World Newsby USNN World NewsAugust 4, 2020December 5, 2024
Trumps weighs executive action to suspend evictions, payroll tax
Posted inPresidential Actions

Trumps weighs executive action to suspend evictions, payroll tax

USNN World Newsby USNN World NewsAugust 4, 2020October 14, 2024
Missing sailors rescued from Pacific island after SOS signal spotted in the sand
Posted inNational Security & Defense

Missing sailors rescued from Pacific island after SOS signal spotted in the sand

USNN World Newsby USNN World NewsAugust 4, 2020August 4, 2020

Posts pagination

Newer posts 1 … 201 202 203 204 205 … 249 Older posts

NATIONAL NEWS

  • Trump Nominates Kash Patel for FBI DirectorTrump Nominates Kash Patel for FBI Director
    By Tom Ozimek President-elect Donald Trump has announced the nomination of former public defender Kash Patel to serve as FBI director in his administration. “I am ...
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    By Omid Ghoreishi Canadian Prime Minister Justin Trudeau and Public Safety Minister Dominic LeBlanc met U.S. President-elect Donald Trump at his Mar-a-Lago estate in Florida ...
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  • The Political Realignment of 2024 and What It Means for the FutureThe Political Realignment of 2024 and What It Means for the Future
    By Lawrence Wilson The 2024 presidential election may be remembered as the moment Americans abandoned the issues that defined the post-Cold War era and formed ...
  • US Navy Deploys First Fast-Attack Submarine to GuamUS Navy Deploys First Fast-Attack Submarine to Guam
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  • Trump Nominates Keith Kellogg as Special Envoy for Ukraine–Russia WarTrump Nominates Keith Kellogg as Special Envoy for Ukraine–Russia War
    By Andrew Thornebrooke President-elect Donald Trump nominated Keith Kellogg as his special envoy for the Ukraine–Russia conflict on Wednesday. Kellogg served as chief of staff for ...
  • Harris Campaign Managers Blame Election Loss on ‘Ferocious Headwinds,’ Limited TimeHarris Campaign Managers Blame Election Loss on ‘Ferocious Headwinds,’ Limited Time
    By Matt McGregor Campaign managers behind Kamala Harris’s presidential bid blamed her loss to President-elect Donald Trump on their limited time to promote the vice ...
  • Ex-Bridgeport Councilman Sentenced on Election Fraud Charges in ConnecticutEx-Bridgeport Councilman Sentenced on Election Fraud Charges in Connecticut
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  • Winds of Change Might Blow Through Crypto Sector During Trump’s 2nd TermWinds of Change Might Blow Through Crypto Sector During Trump’s 2nd Term
    By Andrew Moran Securities and Exchange Commission (SEC) Chair Gary Gensler’s departure in January could transform the U.S. cryptocurrency regulatory landscape. Gensler, a staunch critic of ...
  • Tracking Every Trump Cabinet PickTracking Every Trump Cabinet Pick
    By The Epoch Times Staff President-elect Donald Trump is already beginning to finalize his Cabinet roster less than a week after his decisive victory over ...
  • Trump Vows 25 Percent Tariff for Canada, Mexico, Ramps Up Promised Levies on ChinaTrump Vows 25 Percent Tariff for Canada, Mexico, Ramps Up Promised Levies on China
    By Tom Ozimek President-elect Donald Trump has vowed to impose an additional 10 percent tariff on any goods coming into the United States from China—over ...
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