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

What to Expect From DOGE

By Jacob Burg President-elect Donald Trump is set to launch the new Department of Government Efficiency (DOGE), which he introduced during a pre-election interview on ...

Treasury Expands Committee’s Powers to Scrutinize Foreign Investment in US

By Tom Ozimek The U.S. Department of the Treasury has issued new rules expanding the enforcement powers of the Committee of Foreign Investment in the ...

5 Undecided House Races Will Determine Size of GOP’s Narrow Majority

By Stacy Robinson Although two weeks have passed since election night, several races for the U.S. House of Representatives have yet to be called. Republicans are ...

Trump Attends Starship Launch With Musk

By T.J. Muscaro President-elect Donald Trump attended the latest launch of Elon Musk’s Starship on Nov. 19 in South Texas. Reports and speculations emerged earlier about ...

Court Dismisses California’s Lawsuit Against City’s Voter ID Law

By Jill McLaughlin The California Supreme Court ruled on Nov. 15 to toss out the state’s lawsuit against Huntington Beach’s voter ID law, but the ...

AG Merrick Garland Urges Prosecutors to Protect DOJ’s Mission After Leaving Office

By Jack Phillips Attorney General Merrick Garland on Monday urged prosecutors to protect the Department of Justice’s (DOJ’s) “mission,” in his first remarks since President-elect ...

Challenger Overtakes Michelle Steel in Congressional Race by 36 Votes

By City News Service SANTA ANA, Calif.—Democratic challenger Derek Tran holds his first lead over Republican Rep. Michelle Steel Sunday in the 45th Congressional District ...

Trump Confirms He’s Prepared to Declare National Emergency to Initiate Mass Deportations

By Jack Phillips President-elect Donald Trump confirmed on Nov. 18 that he will declare a nationwide emergency to carry out mass deportations of illegal immigrants, ...

House Speaker Leaves Door Open to Recess Appointments for Trump’s Cabinet Picks

By Jack Phillips House Speaker Mike Johnson (R-La.) on Sunday said he is open to allowing recess appointments of President-elect Donald Trump’s Cabinet selections outside ...

Election Ballots Shed New Light on Cursive Writing Debate

By Aaron Gifford Election workers, attempting to verify ballots in the 2024 presidential election race, ran into difficulties and delays because signatures on mail-in ballots ...

Meet Adam Smith, the Green Beret Behind North Carolina’s ‘Redneck Air Force’

By Samantha Flom SWANNANOA, N.C.—“They’re probably dead.” That was the thought running through Adam Smith’s mind as he raced to find a way to save his ...

Here’s Why Counting Ballots Takes Longer in California

By Travis Gillmore California elections officials are following new and established state laws and vote tallying processes that some say are extending the time it ...