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We're now LIVE! ??Watch all the nominations excitement unfold! #GRAMMYshttps://t.co/Ii7azHHMln https://t.co/jXm96YmJin— Recording Academy / GRAMMYs (@RecordingAcad) November 24, 2020 190

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. – With Joe Biden projected to become the 46th president of the United States, both the former vice president and President Donald Trump are reacting.Shortly after The Associated Press called the race for Biden, he released a short statement, calling for unity now that he is the president-elect.Read Biden’s full statement below: 354

WASHINGTON D.C. (KGTV) -- President Trump on Twitter Sunday morning called the .6 billion boost in spending on border security a “down payment” on building and fixing the border wall.Trump also used Twitter to blast Democrats for what he says is their abandonment of DACA saying, “…remember DACA, the Democrats abandoned you (but we will not)!”“Much can be done with the .6 Billion given to building and fixing the border wall. It is just a down payment. Work will start immediately. The rest of the money will come - and remember DACA, the Democrats abandoned you (but we will not),” said Trump.  614

WATCH THE LAUNCH:(KGTV and CNN) - Friday morning's launch of a SpaceX rocket from the Central California coast will be a notable one for Elon Musk's out-of-orbit efforts.A Falcon 9 rocket is scheduled to blast off from Vandenberg Air Force Base at 7:13 a.m. PT. The rocket will deliver a group of satellites for communications firm Iridium (IRDM).Shortly after launch, SpaceX is probably going to make another experimental attempt to guide the rocket's nose cone, also called a payload fairing, onto a passenger ship outfitted with a giant net.PHOTOS: SpaceX?rocket launch visible above San DiegoThe fairing rests on the very top part of the rocket, and it acts as a shield for satellites during launch. Once the rocket is in space, the fairing splits into two and falls away. Typically, it's left to plummet back to Earth where the ocean becomes its graveyard.But SpaceX wants to change that, mostly because the fairing on its Falcon 9 costs million.As Musk once put it, if "you had million in cash on a palette flying through the air, and it's going to smash into the ocean, would you try to recover it? Yes. Yes, you would."The company has quietly attempted to recapture the 43-foot-long fairing halves since at least March of 2017.At least twice, SpaceX has guided fairing halves to soft landings in the ocean, according to Musk's social media pages.But there's a problem."Once it gets into the water, it's quite damaging to the electronics and components inside the fairing," said Glenn Lightsey, a professor of aerospace engineering at Georgia Tech. "Most likely if it gets into the water, it's not usable."Enter, Mr. Steven.For Friday's launch a ship, named Mr. Steven, will head out to sea and attempt to catch half of the fairing with a giant net. 1810