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

Trump Campaign Launches Major Mail-In Ballot Initiative Ahead of 2024 Election

By Jack Phillips Former President Donald Trump announced he’s launching a move to increase and encourage Republican early voting as well as the use of ...

After Trump Verdict, Swing State Poll Shows How It Impacts Voters’ Decisions

By Jack Phillips Days after former President Donald Trump was found guilty by a Manhattan jury, a poll in a 2024 battleground state shows that ...

Hallie Biden Testifies Hunter Biden Was Using Drugs During Period He Bought Gun

By Jacob Burg and Stacy Robinson WILMINGTON, Del.—Prosecutors called Hallie Biden to testify on June 6, the fourth day of Hunter Biden’s federal gun trial, ...

Experts Weigh In on Trump’s Options for Appeal After Conviction

By Sam Dorman Former President Donald Trump has vowed to appeal his May 30 conviction in New York and attorneys have indicated that he has ...

Hunter Biden’s Ex-Romantic Partners Testify on His Addiction in Gun Trial

By Jacob Burg and Stacy Robinson WILMINGTON, Del.—Hunter Biden’s federal gun trial entered its third day on June 5 as prosecutors called his ex-wife and ...

Legal Experts Back Trump’s Motion to Dismiss Case Due to Jack Smith’s ‘Unlawful Appointment’

By Tom Ozimek A handful of legal experts, including two former attorneys general, have filed a request to participate in an upcoming court hearing in ...

Silicon Valley Billionaire Says He’s Backing Trump Again

By Bill Pan Doug Leone, a billionaire investor who renounced his support of President Donald Trump three years ago following the Jan. 6 breach of ...

Trump Urges US Supreme Court to Decide Before His Sentencing Date

By Jack Phillips Former President Donald Trump has called on the U.S. Supreme Court to quickly intervene after he was convicted of falsifying business records ...

Why Trump Guilty Verdict Might Not Change Minds in Key Swing States

By Lawrence Wilson, Nathan Worcester The felony conviction of former President Donald Trump on 34 counts of falsifying business records is likely to change few ...

Senate Candidate Kari Lake Blasts ‘Bogus’ Conviction of President Trump During Campaign Stop

By Allan Stein SHOW LOW, Ariz.—Kari Lake, an Arizona Republican and U.S. Senate candidate, said it would take “all hands on deck” to stand up ...

Dershowitz Says Trump Could Fast-Track His Appeal to Supreme Court

By Tom Ozimek Amid speculation about how former President Donald Trump’s appeal of his conviction will play out, retired Harvard Law professor Alan Dershowitz said ...

Top Fauci Adviser Bragged About Making Emails ‘Disappear’

By Zachary Stieber A top U.S. government official bragged that he had learned of a way to make emails vanish after receiving Freedom of Information ...