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

Major Union Endorses Harris’s Promise to End Taxes on Tips After Criticizing Trump for Same Plan

By Joseph Lord The Culinary Workers Union in Nevada endorsed a plan by Vice President Kamala Harris to end taxes on tips for service workers ...

Microsoft Says US Presidential Campaign Targeted by Iran-Backed Hackers

By Tom Ozimek Microsoft’s cyber threat assessment unit said on Aug. 9 that a high-ranking official on a U.S. presidential campaign had been hacked by ...

Half of Orange County’s Residents Hope to Move, Survey Finds

By Jill McLaughlin Half of residents in California’s third-most populated county say they are considering moving, a survey published Aug. 9 revealed. The survey—conducted by the ...

RFK Jr. Says He Will ‘For Sure’ Have His Name on All 50 State Ballots

By Aldgra Fredly Independent presidential candidate Robert F. Kennedy Jr. has expressed confidence that he would secure ballot access in all 50 states, despite facing ...

Veteran who served in Tim Walz’s battalion addresses stolen valor accusations: ‘Far darker than people think’

By Yael Halon A veteran who served with Harris running mate Gov. Tim Walz accused him of embellishing his time in the service and abandoning his unit ...

US Marshals Arrest Over 230 Fugitives, Including Rapists and Murderers, in Maryland Operation

By Tom Ozimek The U.S. Marshals Service has announced the conclusion of “Operation Silver Shield,” a 90-day interagency operation that resulted in the arrest of ...

RNC Asks Supreme Court to Reinstate Arizona’s Citizenship Check Voting Laws

By Katabella Roberts The Republican National Committee (RNC) is asking on the U.S. Supreme Court to reinstate an Arizona law requiring voters to prove their ...

Virginia Governor Orders Measures to Tighten Election Security

By Jackson Richman Virginia Gov. Glenn Youngkin signed an executive order on Aug. 7 to implement security measures ahead of the November election. These measures include ...

As Gas Tax Revenues Slow, States Urged to Open Throttle on New Ways to Pay for Roads

By John Haughey LOUISVILLE, Kentucky—State Motor Fuel Tax (MFT) revenues are flat and even declining in some states because automobiles are increasingly more fuel-efficient, ensuring ...

Vulnerable Democrat, Trump-Backed Challenger Advance in Battleground Washington Primary

By Arjun Singh Rep. Marie Gluesenkamp Perez (D-Wash.) and her Republican challenger Joe Kent advanced to the general election runoff in Washington’s congressional primary election ...

Kansas Police Chief Who Led Raid of Newspaper Violated Law: Prosecutors

By Zachary Stieber Prosecutors hired to investigate the search warrants executed on a Kansas newspaper, and the homes of an editor and reporter, claim that ...

US Stocks Bounce Back After Global Market Sell-Off

By Jack Phillips Global stocks rose in erratic trading on Tuesday following the previous day’s selloff and mounting concerns of a possible recession in the ...