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

Suspicious Packages Sent to Election Officials Across United States

By Caden Pearson Suspicious packages containing white powder have been sent to election officials in more than a dozen states since Sept. 16, prompting investigations ...

Top Election Officials Tell Congress Voter Roll Accuracy Is Improving but Other Issues Remain

By Steven Kovac Fifty-five days before the Nov. 5 general election, six secretaries of state from around the country told a congressional committee that they ...

Sean ‘Diddy’ Combs Arrested in New York

By Caden Pearson Sean “Diddy” Combs was arrested by federal agents in Manhattan on Monday night, prosecutors said. Prosecutors did not immediately announce details of the ...

Trump Vows to End Taxes on Overtime. Here’s What It Means for the Economy

By Andrew Moran Former President Donald Trump pledged during a campaign rally on Sept. 12 to eliminate taxes on overtime pay for workers who clock ...

Pennsylvania Supreme Court Rules to Disqualify Undated, Misdated Mail-In Ballots

By Tom Ozimek The Pennsylvania Supreme Court issued a decision on Sept. 13 that upholds a requirement in the key battleground state that voters must ...

Early Voting, Mail-in Voting, and Drop Boxes: The Rules in Each Battleground State

By Nathan Worcester Many Americans yearn for a simple, one-day election. For now, though, national elections are sprawling, weeks-long “election seasons” that differ significantly from ...

Trump Assassination Suspect Identified as Ryan Wesley Routh

By Jack Phillips, Joseph Lord and Melanie Sun The suspected would-be assassin of former President Donald Trump has been identified by officials as Ryan Wesley ...

Trump Safe After Apparent 2nd Assassination Attempt

By Jack Phillips, Joseph Lord and Emel Akan Second Assassination Attempt on Trump—What We Know So Far At around 1:30 p.m. ET, while former President Donald ...

Trump ‘Safe’ Following Gunshots in His Vicinity, Campaign Says

By Jack Phillips The Trump campaign on Sunday said that former President Donald Trump is safe after reports of gunshots in his vicinity, while the ...

Fact-Checks on Trump During Presidential Debate Stir Controversy

By Lawrence Wilson, Jacob Burg and Jackson Richman Vice President Kamala Harris and former President Donald Trump’s presidential debate continues to generate attention as some ...

Trump Vows to End Taxes on Overtime Pay If Elected in November

By Katabella Roberts Former President Donald Trump has said he plans to end taxes on overtime wages for individuals who work more than 40 hours ...

Georgia Judge Dismisses 2 Counts in Trump’s Criminal Case

By Sam Dorman Fulton County Superior Court Judge Scott McAfee has dismissed two of the counts in the criminal indictment former President Donald Trump faces ...