07-17-2024  8:38 am   •   PDX and SEA Weather

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NORTHWEST NEWS

The Top Draft Pick of the Mariners Pitches Lefty and Righty. Jurrangelo Cijntje Wants to Keep It Up

Cijntje threw right-handed to lefties more often in 2024 but said it was because of discomfort in his left side. The Mariners say they want Cijntje to decide how to proceed as a righty and/or lefty as a pro. He says he wants to continue pitching from both sides.

Wildfire Risk Rises as Western States Dry out Amid Ongoing Heat Wave Baking Most of the US

Blazes are burning in Oregon, where the governor issued an emergency authorization allowing additional firefighting resources to be deployed. More than 142 million people around the U.S. were under heat alerts Wednesday, especially across the West, where dozens of locations tied or broke heat records.

Forum Explores Dangerous Intersection of Brain Injury and Law Enforcement

The Portland Committee on Community-Engaged Policing hosted event with medical, legal and first-hand perspectives.

2 Men Drown in Glacier National Park Over the July 4 Holiday Weekend

 A 26-year-old man from India slipped on rocks and was swept away in Avalanche Creek on Saturday morning. His body has not been recovered. And a 28-year-old man from Nepal who was not an experienced swimmer drowned in Lake McDonald near Sprague Creek Campground on Saturday evening. His body was recovered by a sheriff's dive team.

NEWS BRIEFS

UNCF Celebrating 80 Years of Transforming Lives

The UNCF Each One Teach One Luncheon is Sunday, July 21, 2-5 p.m., Hyatt Regency at the Oregon Convention Center. ...

Interstate Bridge Replacement Program Awarded $1.499 Billion

Federal support again demonstrates multimodal replacement of the Interstate Bridge is a national priority ...

Echohawk Selected for Small Business Regulatory Fairness Board

Indigenous woman and executive leader of Snoqualmie-owned enterprise to serve on national board advancing regulatory fairness and...

HUD Reaches Settlement to Ensure Equal Opportunity in the Appraisal Profession

The U.S. Department of Housing and Urban Development (HUD) announced today that it has entered into an historic Conciliation...

HUD Expands Program to Help Homeowners Repair Homes

The newly updated Federal Housing Administration Program will assist families looking for affordable financing to repair, purchase, or...

Money from Washington's landmark climate law will help tribes face rising seas, climate change

SEATTLE (AP) — Tens of millions of dollars raised by a landmark climate law in Washington state will go to Native American tribes that are at risk from climate change and rising sea levels to help them move to higher ground, install solar panels, buy electric vehicles and restore wetlands, Gov....

2nd Washington man pleads not guilty in 2022 attacks on Oregon electrical grids

PORTLAND, Ore. (AP) — A second Washington state man has pleaded not guilty to federal charges accusing him of damaging power substations in Oregon in 2022. Tacoma resident Zachary Rosenthal, 33, pleaded not guilty in federal court in Portland on Tuesday to three counts of damaging...

Missouri governor says new public aid plan in the works for Chiefs, Royals stadiums

JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson said Thursday that he expects the state to put together an aid plan by the end of the year to try to keep the Kansas City Chiefs and Royals from being lured across state lines to new stadiums in Kansas. Missouri's renewed efforts...

Kansas governor signs bills enabling effort to entice Chiefs and Royals with new stadiums

TOPEKA, Kan. (AP) — Kansas' governor signed legislation Friday enabling the state to lure the Super Bowl champion Kansas City Chiefs and Major League Baseball's Royals away from neighboring Missouri by helping the teams pay for new stadiums. Gov. Laura Kelly's action came three days...

OPINION

The 900-Page Guide to Snuffing Out American Democracy

What if there was a blueprint for a future presidential administration to unilaterally lay waste to our constitutional order and turn America from a democracy into an autocracy in one fell swoop? That is what one far-right think tank and its contributors...

SCOTUS Decision Seizes Power to Decide Federal Regulations: Hard-Fought Consumer Victories Now at Risk

For Black and Latino Americans, this power-grab by the court throws into doubt and potentially weakens current agency rules that sought to bring us closer to the nation’s promises of freedom and justice for all. In two particular areas – fair housing and...

Minding the Debate: What’s Happening to Our Brains During Election Season

The June 27 presidential debate is the real start of the election season, when more Americans start to pay attention. It’s when partisan rhetoric runs hot and emotions run high. It’s also a chance for us, as members of a democratic republic. How? By...

State of the Nation’s Housing 2024: The Cost of the American Dream Jumped 47 Percent Since 2020

Only 1 in 7 renters can afford homeownership, homelessness at an all-time high ...

AFRICAN AMERICANS IN THE NEWS

A Texas school that was built to segregate Mexican American students becomes a national park

A west Texas school built in 1909 for Mexican and Mexican American students as part of “separate but equal” education segregation was designated Wednesday as a national park. U.S. Secretary of the Interior Deb Haaland formally established the Blackwell School National Historic...

2 men sentenced in 2021 armed standoff on Massachusetts highway

WOBURN, Mass. (AP) — Two men have been sentenced for their role in an armed standoff on a busy Massachusetts highway in 2021 that lasted more than eight hours and caused traffic delays during a busy Fourth of July weekend. Jamhal Tavon Sanders Latimer was sentenced Tuesday in...

Lawsuit claims that delayed elections for Georgia utility regulator are unconstitutional

ATLANTA (AP) — Two groups on Wednesday sued to overturn a law extending the elected terms of Georgia's public service commissioners, saying it violates the state constitution for the five Republicans to be allowed to serve terms longer than six years. Georgia WAND Education Fund,...

ENTERTAINMENT

NBA agrees to terms on a record 11-year, billion media rights deal, AP source says

The NBA has agreed to terms on its new media deals, a record 11-year agreement worth billion that would assure player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come. A person familiar with...

On anniversary of Frida Kahlo's death, her art's spirituality keeps fans engaged around the globe

MEXICO CITY (AP) — Frida Kahlo had no religious affiliation. Why, then, did the Mexican artist depict several religious symbols in the paintings she produced until her death on July 13, 1954? “Frida conveyed the power of each individual,” said art researcher and curator Ximena...

Celebrity birthdays for the week of July 21-27

Celebrity birthdays for the week of July 21-27: July 21: Actor Leigh Lawson (“Tess”) is 81. Singer Yusuf Islam (Cat Stevens) is 76. Cartoonist Garry Trudeau (“Doonesbury”) is 76. Actor Jamey Sheridan (“Homeland”) is 73. Singer-guitarist Eric Bazilian of The Hooters is 71....

U.S. & WORLD NEWS

Ukraine faces twin challenges of fighting Russia and shifting political sands in the US

KYIV, Ukraine (AP) — After almost 30 months of war with Russia, Ukraine’s difficulties on the battlefield are...

With Haitian migration growing, a Mexico City family of doctors is helping out

CIUDAD NEZAHUALCOYOTL, Mexico (AP) — Last year, the Hernández Pacheco family began to notice a number of...

Biden aims to cut through voter disenchantment as he courts Latino voters at Las Vegas conference

LAS VEGAS (AP) — President Joe Biden is trying to shore up support among disenchanted voters key to his...

More Kenyan police arrive in Haiti with UN-backed mission to fight violent gangs

PORT-AU-PRINCE, Haiti (AP) — Another 200 police officers from Kenya arrived Tuesday in Haiti for a U.N.-backed...

In attack that shocks quiet Oman, gunmen kill 6 and wound dozens more at a Shiite mosque

DUBAI, United Arab Emirates (AP) — Several gunmen burst into a Shiite mosque in the Gulf Arab state of Oman and...

Swedish police await forensic results to confirm 2 bodies found in burnt car are missing Britons

HELSINKI (AP) — Swedish police said on Wednesday that the two bodies found in a burnt Danish-registered car in...

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.

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

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