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

House Votes Unanimously to Form Task Force to Investigate Trump Assassination Attempt

By Arjun Singh The House of Representatives on July 24 passed a resolution creating a special task force to investigate the assassination attempt on former ...

Marine Veteran Shot at Trump Rally Released From Hospital

By Katabella Roberts One of the individuals who was shot and injured at a rally held by former President Donald Trump this month in Pennsylvania ...

House Republicans Raise Concerns About Supreme Court Justices’ Security After Trump Shooting

By Jack Phillips House Republicans on Tuesday raised concerns about the security and safety of U.S. Supreme Court justices and lower court officials in the ...

3 Supreme Court Justices Recuse 2nd Time in Case Accusing Them of Wrongly Rejecting 2020 Election Lawsuit

By Matthew Vadum The Supreme Court refused on July 22 to rehear a lawsuit that was filed against three justices because they rejected a previous ...

Sen. Grassley Releases Rooftop Bodycam Footage Taken After Trump Assassination Attempt

By Katabella Roberts U.S. Senator Chuck Grassley (R-Iowa) has released graphic bodycam footage taken on a rooftop after the attempted assassination of former President Donald ...

Secret Service Director Kimberly Cheatle Resigns

By Zachary Stieber Kimberly Cheatle, the director of the U.S. Secret Service, has resigned. “I take full responsibility for the security lapse,” she said in the ...

Court Rejects Bid to Throw Out Trump Case Against Pulitzer Board

By Zachary Stieber A court in Florida has rejected a bid from members of the Pulitzer Prize Board to throw out a case brought against ...

Key Takeaways From Secret Service Chief’s Testimony on Trump Shooting

By Samantha Flom and Arjun Singh WASHINGTON—The House Oversight Committee kicked off its investigation of the attempted assassination of former President Donald Trump on July ...

Chicago Mail Carrier Killed on Her Route

By The Associated Press CHICAGO— A mail carrier was fatally shot while walking a route in Chicago, authorities said. Investigators at the U.S. Postal Service are ...

Secret Service Director Admits ‘Significant Operational Failure’ in Trump Assassination Attempt

By Jack Phillips The director of the U.S. Secret Service told a House panel on Monday that her agency failed during the assassination attempt targeting ...

After Biden Exits 2024 Race, Harris Scores Commanding Endorsements

By Ivan Pentchoukov, Emel Akan and Jacob Burg Vice President Kamala Harris secured a commanding list of endorsements for her presidential nomination bid in the ...

America in Brief: Hunter Biden Uses Trump Ruling to Appeal Conviction

By Stuart Liess U.S. President Joe Biden’s son, Hunter Biden, is appealing to have his recent conviction overturned, citing the appeals court ruling earlier this ...