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WASHINGTON (AP) — The U.S. economy rebounded at a record pace of 33.1% in the July-September quarter, unchanged from the first estimate a month ago.But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter, with some analysts even raising the specter of a double-dip recession.Last week, the number of Americans applying for unemployment benefits rose to 778,000. That’s up from 748,000 the week before, according to the Department of Labor.The Commerce Department reported Wednesday that the overall increase in the gross domestic product, the country’s total output of goods and services, remained the same as its first estimate although some components were revised.Bigger gains in business investment, housing and exports were offset by downward revisions to state and local government spending, business inventories and consumer spending.The Associated Press found that the 33.1% gain was the largest quarterly gain on record, surpassing the old mark of a 16.7% increase in 1950. 1028

Well this is guacward. A new trend has people using avocado's in the place of jewelry boxes as they propose. The internet went wild with the advent of avocado toast and other health trends using the popular fruit, but many millennials are taking it to the next level. A simple search turns up a wealth of Instagram posts and YouTube videos where people use the produce in the place of a traditional ring box. For those looking to take the trend to the next level, Custom Avocados will even print a special design on an avocado for that special someone. RELATED: East County man confronts avocado thief | Are millennials really wasting their money on avocados? | Trio arrested for 0K avocado theft in Oxnard 757

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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

WASHINGTON, D.C. (KGTV) - San Diego Congressman Duncan Hunter showed Wednesday video and photographs at the center of a Navy SEAL war crimes investigation to members of Congress. Chief Eddie Gallagher is accused of murdering an ISIS soldier and shooting Iraqi civilians in 2017. Prosecutors say Gallagher killed the unarmed Islamic State prisoner, and tried to kill an elderly man and a 12-year-old girl. Gallagher was arrested on war crimes charges last fall. “I think Eddie needs his day in court,” Hunter said after a Capitol Hill meeting Tuesday. “This is the smoking gun and there’s no gun whatsoever,” Hunter said. Hunter said he shared video indicated the ISIS soldier was injured in the U.S. government bombing of a building and interrogated by the Iraqi military before being turned over to Navy SEALS. Gallagher performed first aid on the ISIS soldier, one of the representatives said. “I don’t trust the Navy to give him a fair trial. With all the focus on this case, he stands more of a chance of getting a fair trial now than he would have if we had not brought to light what I think are all the injustices against him to this point,” said Hunter. The video has not been released to the public. Gallagher’s brother and attorney were also at the viewing Tuesday. 1282