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We’ve got a NEW twist on breakfast for you! Now available in the frozen aisle at @Walmart and at https://t.co/1b8vadcbEN ?? #LifeNeedsFrosting pic.twitter.com/u1w1qp0kQD— Cinnabon (@Cinnabon) September 14, 2020 218

WASHINGTON, D.C. — The number of people applying for unemployment aid jumped last week to 853,000, the most since September.The rise in jobless claims serves as evidence that some companies are cutting more jobs as new coronavirus cases spiral higher.The Labor Department said Thursday that the number of applications increased by 137,000, from 716,000 the previous week.The four-week moving average was 776,000, an increase of 35,500 from the previous week’s revised average, according to department.Before the coronavirus paralyzed the economy in March, weekly jobless claims typically numbered only about 225,000.The current rise in unemployment comes as the U.S. continues to break records for single-day coronavirus cases and deaths. Wednesday marked the first time more 3,000 people died from COVID-19 in a day in the U.S. since the pandemic began, according to a tally by Johns Hopkins University. 912

WASHINGTON, D.C. – Joe Biden painted a very different picture of the COVID-19 pandemic than President Donald Trump during his first briefing as the nation's president-elect on Monday. "We are still facing a very dark winter," Biden said after a briefing with his advisers in Delaware. Biden announced a new COVID-19 advisory board. The group will be co-chaired by Dr. David Kessler, a former Food and Drug Administration commissioner; Dr. Vivek Murthy, a former surgeon general of the United States; and Dr. Marcella Nunez-Smith, a public health professor at Yale University. "Please wear a mask," Biden implored those watching. WHAT WOULD CHANGE UNDER BIDEN When President-elect Biden takes office, more than just "presidential tone" will change. "They are going to allow the evidence to be back in the driver seat," said Dr. Jon Andrus, an adjunct professor of global health at The George Washington University. Some of the potential changes include: a national mask mandate, more guidance to governors and mayors, increased reliance on international health groups, and more testing and contact tracing. "Lessons learned from many countries, such as those in southeast Asia, show aggressive testing and contracting tracing works," Andrus said. Biden's statement to the media came on the same day Pfizer released promising news about a potential vaccine, saying it 90% effective in some of their trials. 1413

WASHINGTON, D.C. -- President Donald Trump again hosted an event aimed at older Americans at the White House Monday.The new developments from the event? A million grant from the Department of Justice was announced to help prevent older Americans from being scammed.The president also touted million for increased inspections of nursing homes.Last month, Trump announced a new program to address the rising price of insulin by providing Medicare patients with new choices of Part D plans that offer the hormone at an affordable and predictable cost of no more than for a month’s supply.WHY THE PUSH FOR SENIORS?Seniors are quickly emerging as a powerful voting block in the 2020 election.In 2016, Trump's strongest voting block were voters 65 years of age and older. He also won among those between the ages of 45 and 64.In recent months, seniors have been hit hardest by the coronavirus and internal polling, as reported in The New York Times, suggests the president may be losing support among older Americans. 1030

WASHINGTON (AP) — The Trump administration has laid down rules aimed at preventing residents in high-tax states from avoiding a new cap on widely popular state and local tax deductions. The action over the new Republican tax law pits the government against high-tax, heavily Democratic states in an election-year showdown.The Treasury Department's rules released Thursday target moves by states like New York, New Jersey and California — where residents could see substantial increases in their federal tax bills next spring because of the ,000 cap on state and local deductions. Experts say the issue likely will have to be resolved by the federal courts.Four states — Connecticut, Maryland, New Jersey and New York — already have sued the federal government over the deduction cap, asserting it's aimed at hurting a group of Democratic states and tramples on their constitutional budget-making authority.A dozen states have taken or are considering measures to get around the cap. Most of the workarounds take advantage of federal deductions for charitable contributions — which aren't capped — in place of the old deductions for paying state and local income taxes. So people's state and local taxes exceeding ,000, which can't be deducted, are turned into deductible charitable donations.The new rules' "dollar-for-dollar" limit also applies to many other states that already have charitable funds offering tax breaks, senior Treasury officials said. Those states include solidly Republican ones and others with relatively low taxes. In those programs, donors to schools, hospitals or land conservation programs can get their state taxes reduced in return — plus a charitable deduction on their federal tax returns.The limit means taxpayers only can deduct as a charitable contribution the portion of their donation for which they don't also get a state tax credit.But some experts said the Treasury rules seem to be designed to protect those existing charitable programs in some states. An exception to the "dollar-for-dollar" requirement "plainly appears to be designed to protect certain ... pre-existing state regimes," said Daniel Rosen, a tax lawyer at Baker McKenzie who is a former IRS official.Treasury said it expects that only about 1 percent of all U.S. taxpayers would see a reduction of their tax credits for donations to private-school voucher fund. Several states — Alabama, Arizona, Georgia, Montana and South Carolina — allow taxpayers who donate to private-school funds to get a 100 percent credit against their state taxes, according to data compiled by the Institute on Taxation and Economic Policy.___HOW DO THE LIMITS WORK UNDER THE NEW RULES?Dollar-for-dollar: When a taxpayer receives a benefit in return for donating to charity, the taxpayer should only be able to deduct the net value of the donation as a charitable contribution, Treasury says.An example: You donate ,000 to a charity in a state that offers a 70 percent tax credit, so 0 in this case. You would only be able to claim a 0 charitable deduction on your federal return.There is an exception. If the state tax credits don't exceed 15 percent of the amount donated, so up to a 0 state tax credit on a ,000 donation, the taxpayer could claim the full amount as a charitable deduction.___WHY IS THIS IMPORTANT?Taxpayers could have less incentive to donate without getting a deduction or having the deduction reduced.All states rely on property and income taxes to fund an array of services such as education, health care and public safety. Advocates for restoring the full state and local deductions say that the reduced property tax deduction brings a decrease in the value of taxpayers' homes, possibly spurring residents of high-tax states to move elsewhere and crimping funding for local programs.___WHAT'S HAPPENING IN THE HIGH-TAX STATES?Measures designed to work around the ,000 cap have been adopted in Connecticut, New Jersey, New York and Oregon, and introduced or explored publicly by officials in California, Illinois, Maryland, Nebraska, Rhode Island, Virginia, Washington and the District of Columbia.New York Gov. Andrew Cuomo, a Democrat, has called the state-local deduction cap an "assault" on New York by Trump and Republican lawmakers in Washington.In some key "blue" states:—Connecticut has a new law establishing a state charitable fund; donors can get tax credits in exchange for giving.—In New Jersey, where high local property taxes are the major issue, the state is allowing local schools and governments to use the charitable workaround. But so far, no towns have notified authorities that they've set up funds to receive contributions — because state regulators haven't issued the necessary rules, experts say.—New York is offering three options: One like Connecticut's, one like New Jersey's and another to let employers pay payroll taxes for employees, who would receive credits to cancel out the income taxes they would have paid otherwise.—In Maryland, about 500,000 residents — over 18 percent of state taxpayers — will together lose .5 billion in state and local deductions, according to state estimates.___Mulvihill reported from Cherry Hill, New Jersey. Associated Press writer Michael Catalini in Trenton, New Jersey, contributed to this report. 5305

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