02-05-2023  2:08 am   •   PDX and SEA Weather
  • 1
  • 2
  • 3
  • 4

NORTHWEST NEWS

Portland Cop Fired for Leaking False Allegations Against City Commissioner Reinstated

Mayor Ted Wheeler fired Brian Hunzeker after he leaked a false complaint saying city Commissioner Jo Ann Hardesty had been involved in a hit-and-run crash.

Hundreds of Portland City Workers on Strike for Better Pay

Workers represented by the union Laborers’ Local 483 have been without a contract since June. Negotiations over a new four-year deal broke down in December

Washington State Gov. Inslee Tests Positive for COVID-19

He plans to continue working. Trudi Inslee, the first spouse, has tested negative.

Oregon BIPOC Caucus Calls for Action to Support Victims of Gun Violence

The Legislative Black, Indigenous, People of Color (BIPOC) Caucus has released the following statement in response to the tragedy at Half Moon Bay, CA that left seven dead and one person wounded, all of whom were people of color

NEWS BRIEFS

Market Features Work of Local Black-Owned Businesses for Black History Month

MESO Makers Market in Portland to feature the work of 40 local, Black-owned small businesses to celebrate Black History Month in...

The Seattle Public Library's Homework Help Program Expands to Eight Locations and Increases Hours

Homework Help, The Seattle Public Library’s free after school tutoring service, will add two locations and increase hours in...

County Seeks Community Needs Survey Responses From Residents

Clark County Community Services is asking residents who are low-income to complete a survey to help determine what resources and...

"Meet Me at Higo" Opens in the Level 8 Gallery of The Seattle Public Library's Central Library

The traveling exhibit from the Wing Luke Museum tells a fascinating community and family history about Seattle’s Japantown ...

NAACP Portland Calls for Justice With Community Prayer Vigil

Community leaders will hold a prayer vigil Tuesday, Jan. 31 at noon, to reflect on the tragic brutality that led to the death of Tyre...

US states take control of abortion debate with funding focus

LAWRENCE, Kan. (AP) — Though the Insight Women’s Center sits at the epicenter of a reinvigorated battle in the nation’s culture wars, the only hint of its faith-based mission to dissuade people from getting abortions is the jazzy, piano rendition of “Jesus Loves Me” playing in a waiting...

Oregon brothers cut food waste and created the tater tot

ONTARIO, Ore. (AP) — When brothers Golden and Francis Nephi “Neef” Grigg began renting a frozen foods plant in the tiny Idaho border town of Ontario, Oregon, in 1949, they were hoping to expand their existing frozen corn business to include potatoes. Little did they know they’d taken the...

DeVries and Drake earn 85-82 2OT win over Valparaiso

VALPARAISO, Ind. (AP) — Tucker DeVries scored a career-high 32 points and grabbed 11 rebounds and Drake beat Valparaiso 85-82 in double overtime on Saturday night. Roman Penn scored 16 points and added 12 rebounds and six assists for the Bulldogs (19-6, 10-4 Missouri Valley...

Bradley defeats Northern Iowa 77-69

CEDAR FALLS, Iowa (AP) — Malevy Leons scored 19 points as Bradley beat Northern Iowa 77-69 on Saturday night. Leons was 5-of-8 shooting, including 4 for 6 from distance, and went 5 for 8 from the line for the Braves (17-8, 10-4 Missouri Valley Conference). Rienk Mast went 8 of 12...

OPINION

Updates That May Affect Your Tax Season

The IRS released a statement that taxpayers should brace themselves for small tax refunds due to no economic impact payments ...

Unaffordable Rental Costs Now Plague 44 Million People in Every State Economic Inequality Places Most Risk of Eviction on Blacks and the Poor

For the first time in more than two decades of research, every state now has renters who are nearing a financial breaking point in housing affordability. ...

The Beating and Murder of Mr. Tyre Nichols, A Black Man

Time to Abolish the Criminal Injustice System ...

It's Time to Irrigate the Fallow Ground of Minority Media Ownership

In 2023, one aspect of civil rights and racial justice that barely remains addressed is racial inclusion in media ownership. ...

AFRICAN AMERICANS IN THE NEWS

DeSantis eyes 2024 from afar as GOP rivals move toward runs

DES MOINES, Iowa (AP) — Florida Gov. Ron DeSantis may be months away from publicly declaring his presidential intentions, but his potential rivals aren't holding back. No fewer than a half dozen Republicans eyeing the White House have begun actively courting top political operatives...

At Nichols' funeral, Black America's grief on public display

MEMPHIS, Tenn. (AP) — The sound of the djembe drums started as a low tremble and grew more distinct as the musicians drew closer to the hundreds gathered inside the Memphis church. “We love you, Tyre,” the drummers chanted, referring to Tyre Nichols, a 29-year-old Black man...

Arkansas Gov. Sanders to give GOP response to Biden address

WASHINGTON (AP) — Arkansas Gov. Sarah Huckabee Sanders will deliver the Republican address to the nation in response to President Joe Biden's State of the Union speech next week as the GOP seeks to show it's creating a new generation of leaders. House Speaker Kevin McCarthy and...

ENTERTAINMENT

Jessy Wilson on 'Keep Rising' anthem and the hope it brings

NASHVILLE, Tenn. (AP) — Singer-songwriter Jessy Wilson was ready to give up her musical dream when a film about female African warriors showed her the power of perseverance. Wilson’s Grammy -nominated song “Keep Rising,” was picked by director Gina Prince-Bythewood to be...

Bryan Adams, crafting albums amid Grammy Award nomination

NEW YORK (AP) — Bryan Adams may have nabbed his first Grammy nomination in over two decades, but he won't be at the ceremony. He's got a gig that night. The Canadian rock star had committed to a concert in Las Vegas on Sunday and he didn't want to disappoint his fans or his crew by...

Review: Stafford-Jutz album brings to life forgotten voices

“Lost Voices,” Tim Stafford & Thomm Jutz (Mountain Fever) “Lost Voices” features new songs written in the past tense, and serves as an engaging soundtrack to neglected chapters in American history. The album comes from the formidable singer-storyteller team...

U.S. & WORLD NEWS

Electronic pollbook security raises concerns going into 2024

ATLANTA (AP) — They were blamed for long lines in Los Angeles during California’s 2020 presidential primary,...

Grammy predictions: AP writers debate who'll win on Sunday

The Beyhive is all abuzz over the possibility that Beyoncé will have a chance to make Grammy history this year,...

Biden makes progress on 'unity agenda' outlined in 2022

WASHINGTON (AP) — A year ago, President Joe Biden used his first State of the Union address to push top...

Sri Lanka marks independence anniversary amid economic woes

COLOMBO, Sri Lanka (AP) — Sri Lanka marked its 75th independence anniversary on Saturday as a bankrupt nation,...

Israeli army besieges homes of fugitives in West Bank raid

AQABAT JABR REFUGEE CAMP, West Bank (AP) — The Israeli army raided a refugee camp near the Palestinian city of...

Bolsonaro ponders election defeat, as crowd chants ‘fraud’

MIAMI (AP) — Only a few weeks after his supporters stormed the seat of his country's government, former...

Stephen Ohlemacher the Associated Press

The president is taking a risky gamble by proposing a rollback on tax breaks for corporations that buy their own business jets



WASHINGTON (AP) -- President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part of a deficit-reduction package. His proposals have languished on Capitol Hill, repeatedly blocked by Republicans, often with help from Democrats.

Some would raise big money. Limiting tax deductions for high-income families and small business owners could raise more than $200 billion over the next decade. Others are more symbolic, such as scaling back a tax break for companies that buy corporate jets.

The corporate jet proposal would raise $3 billion over the next decade, according to GOP congressional aides. That's a relatively small sum in the big scheme of Washington budgets, but Obama and Democrats call attention to it repeatedly in their effort to portray Republicans as defenders of corporate fat cats.

No matter how Democrats characterize their proposals as revenue raisers or plugging tax loopholes, GOP leaders oppose them all, arguing that raising taxes in a bad economy would only make matters worse.

"If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and natural gas companies that are making hundreds of billions of dollars," Obama said this week, "then that means we've got to cut some kids off from getting a college scholarship, that means we've got to stop funding certain grants for medical research, that means that food safety may be compromised, that means that Medicare has to bear a greater part of the burden."

The White House has identified about $600 billion in tax increases it wants over the next decade. About $400 billion of them were offered as part of deficit-reduction talks led by Vice President Joe Biden. That would be paired with more than $1 trillion in spending cuts.

Some of the tax proposals are vague and budget experts have yet to calculate just how much they would raise. For example, limiting deductions for high-income families and small businesses could raise anywhere between $210 billion and $290 billion, depending on what threshold is established as high income.

Obama is proposing to eliminate $41 billion in tax breaks for oil and natural gas companies, raise taxes on investment fund managers by $21 billion and change the way many businesses value their inventories for tax purposes. The change in inventory accounting would raise an estimated $70 billion over the next decade, hitting manufacturers and energy companies, among others.

Treasury Secretary Timothy Geithner has given Congress an Aug. 2 deadline for raising the current debt ceiling, currently $14.3 trillion, to avoid defaulting on the government's financial obligations for the first time in the nation's history. He warns that a default could trigger potentially dire consequences for an already anemic economy, including higher interest rates, tighter credit and new rounds of job layoffs. The government hit the debt ceiling in May and has been juggling accounts since then to make all its payments.

Obama says he is proposing a balanced approach that spreads the pain among people who rely on government services and those most able to finance them.

While Republican leaders argue that raising taxes is bad policy, bad politics and too unpopular to pass the Republican-controlled House, several GOP senators have said they are willing to consider eliminating unspecified tax breaks to reduce the deficit.

Two weeks ago, 33 Republican senators joined a 73-27 majority to repeal a $5 billion annual tax subsidy for ethanol gasoline blends. On Wednesday, Sen. Ron Johnson, R-Wis., said, "I would like to do away with special tax breaks but not legitimate business deductions."

But GOP leaders insist there is no support among Republicans to impose the kind of tax increases Obama is proposing.

"The president is sorely mistaken if he believes a bill to raise the debt ceiling and raise taxes would pass the House," Speaker John Boehner, R-Ohio, said. "The votes simply aren't there, and they aren't going to be there because the American people know tax hikes destroy jobs."

Among the tax increases proposed by the White House and the amount they'd raise over the next decade:

- Limit itemized deductions, including those for charitable contributions and mortgage interest, for families and small business owners with high incomes. Under current law, if a taxpayer's top income tax rate is 35 percent - the highest rate - a $100 deduction is worth $35 in tax savings. For several years, Obama has proposed limiting itemized deductions for people making above $250,000 to 28 percent, meaning a $100 deduction would be worth only $28 in tax savings at most. That would raise $293 billion, according to congressional estimates.

A similar proposal would gradually phase out itemized deductions for people making more than $500,000, raising "in the ballpark of $210 billion," said Maryland Rep. Chris Van Hollen, one of the House Democratic negotiators in the Biden talks.

- Change the way businesses value their inventory, raising an estimated $70 billion. Current law allows businesses to lower their taxable profits - and their tax bills - by using an accounting method that can inflate the cost of goods sold. Obama proposes to phase out the practice, known as last-in, first out, or LIFO.

- Increase taxes on investment fund managers, mainly hedge funds and private equity firms, raising about $21 billion. Investment managers typically pay capital gains taxes on their fees, with a top rate of 15 percent. Obama wants to tax the fees as regular income, with a top tax rate of 35 percent.

- Eliminate about $41 billion in tax breaks for oil and natural gas companies. Obama has called for eliminating tax breaks for all oil and gas companies every year since he took office in 2009. The biggest is a deduction for production expenses that is available to all manufacturers. In May, the Senate rejected a smaller proposal that targeted the five biggest companies: Shell Oil Co., ExxonMobil, ConocoPhillips, BP America and Chevron Corp.

---

Associated Press writers Jim Kuhnhenn, Andrew Taylor and Laurie Kellman contributed to this report.

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

MLK Breakfast 2023

Photos from The Skanner Foundation's 37th Annual Martin Luther King, Jr. Breakfast.