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

Congratulations to President-Elect Donald J. Trump on a Historic Victory

By Stephen Zogopoulos, USNN World News On behalf of USNN World News Corporation and our family of news sites, I extend our sincerest congratulations to ...

Voters in Multiple States Projected to Approve Measures Forbidding Noncitizen Voting

By Zachary Stieber Voters in eight states on Nov. 5 approved constitutional amendments that say only citizens can vote, according to projections from The Associated ...

Donald J. Trump Secures Historic Win as 45th and 47th President of the United States

By Stephen Zogopoulos, USNN World News In a victory that defies conventional political odds, Donald J. Trump has won the presidency once more, making history ...

Republicans Win Control of the Senate

By Arjun Singh WASHINGTON—The Republican Party gained control of the United States Senate in the 119th Congress by winning key battleground races in the 2024 ...

Harris’s Path Narrows as 6 Swing States Too Close to Call

By Petr Svab With votes in critical battleground states still being counted, Vice President Kamala Harris faced a narrowing path to victory as her opponent, ...

Officials Order Retabulation of 31,000 Absentee Ballots in Milwaukee

By Samantha Flom and Nathan Worcester Milwaukee, Wisconsin, will re-tabulate roughly 31,000 absentee ballots after finding that their tabulation machines were not properly closed, city ...

Appeals Court Voids Biden’s $15 Federal Contractor Minimum Wage, Citing Overreach

By Tom Ozimek A federal appeals court has ruled that President Joe Biden exceeded his authority by mandating a $15 minimum wage for federal contract ...

Top Colorado Election Official Says Passwords for Voting Systems Were Online for 4 Months

By Zachary Stieber Passwords for Colorado’s voting systems were online for four months, Colorado Secretary of State Jena Griswold said in a Nov. 4 statement. An ...

Voting Time Extended in Pennsylvania County After ‘Software Malfunction’

By Zachary Stieber Voting hours have been extended in Pennsylvania’s Cambria County after what officials described as a software problem disrupted the casting of ballots ...

Dixville Notch Midnight Vote Kicks Off Election Day With Trump-Harris Tie

By Aldgra Fredly Voting for the 2024 presidential race in the small town of Dixville Notch in New Hampshire has concluded, with an even split ...

Joe Rogan Endorses Trump on Eve of Election Day

By Stephen Katte Podcaster Joe Rogan has formally endorsed Republican presidential candidate Donald Trump on the eve of Election Day. In a Nov. 4 statement posted ...

Extra Security Fencing Placed at White House, Harris Residence Ahead of Election

By Bill Pan Eight-foot-high metal security fencing was installed around key government sites in Washington over the weekend as authorities brace for potential unrest on ...