USNN World News

National News

Pelosi blasts Trump for saying he may deliver convention speech from White House: ‘He can’t do that’

by USNN World NewsAugust 5, 2020August 5, 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.”

National News

Trump downplays Republican concerns about giving nomination acceptance at White House: ‘It is legal, there is no Hatch Act’

by USNN World NewsAugust 5, 2020August 5, 2020

Trump calls Black Lives Matter a 'Marxist group,' rips athletes kneeling for anthem

National News

Trump rips athletes kneeling for anthem, calls Black Lives Matter a ‘Marxist group’

by USNN World NewsAugust 5, 2020August 5, 2020

National News

Carolyn Maloney declared winner in New York congressional race marred by mail-in ballot problems

by USNN World NewsAugust 4, 2020February 26, 2025

National News

DB Cooper case gets new clues in tiny algae found on ransom money, study says

by USNN World NewsAugust 4, 2020August 4, 2020

National News

CNN’s Brian Stelter ridiculed for claiming ‘right-wing media tempest’ is behind push for Biden not to debate Trump

by USNN World NewsAugust 4, 2020October 29, 2020

National News

NYC crime spree knocks on the doorsteps of America’s ultra-rich

by USNN World NewsAugust 4, 2020December 19, 2024

National News

Trump warns election result could take ‘two months’ because of mail-in voting

by USNN World NewsAugust 4, 2020October 29, 2024

National News

Minneapolis’ Frey accuses Walz of dragging feet during early unrest

by USNN World NewsAugust 4, 2020August 4, 2020

National News

Joe Biden should not debate President Trump, Clinton’s ex-WH spokesman says

by USNN World NewsAugust 3, 2020August 3, 2020

National News

Cuban business owner in Louisville decries BLM protesters’ demands as ‘mafia tactics’

by USNN World NewsAugust 3, 2020August 31, 2024

National News

NYC shootings this year, topping 777, have surpassed 2019 numbers, police say

by USNN World NewsAugust 2, 2020May 14, 2025

NATIONAL NEWS

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Yovanovitch communicated with Dem staffer on ‘delicate’ issue after complaint, emails show, despite testimony

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Elizabeth Warren’s candidacy is in ‘big trouble,’ says Chris Stirewalt

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‘Coup has started,’ whistleblower’s attorney said in 2017 posts calling for impeachment

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