12-04-2022  1:38 pm   •   PDX and SEA Weather
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NORTHWEST NEWS

Tough Oregon Gun Law Faces Legal Challenge, Could Be Delayed

Midterm voters narrowly passed one of the toughest gun control laws in the nation, but the new permit-to-purchase mandate and ban on high-capacity magazines faces a lawsuit that could put it on ice just days before it's set to take effect.

Portland Approves $27M for New Homeless Camps

Public opposition to the measure and the money that will fund it has been heated, with critics saying it will criminalize homelessness and fail to address its root causes.

Portland Settles Lawsuit Over Police Use of Tear Gas

The lawsuit was originally filed by Don't Shoot Portland in June 2020. “Our freedom of expression is the foundation of how we make social change possible,” Teressa Raiford said in a news release. “Black Lives Still Matter.”

Oregon Lawmakers Lift Security Measure Imposed on Senator

Since July 2019, Sen. Brian Boquist had been required to give 12 hours notice before coming to the Oregon State Capitol, to give the state police time to bolster their security and to ensure the safety of people in the Capitol.

NEWS BRIEFS

PBS Genealogy Show Seeks Viewers’ Brick Walls

The popular PBS show “Finding Your Roots” is putting out a nationwide casting call for a non-celebrity to be featured on season...

The James Museum Opens Black Pioneers: Legacy In The American West

This first-of-its-kind-exhibition explores Black history in the West with a timeline of pictorial quilts. ...

Use of Deadly Force Investigation Involving Clackamas County Sheriff and Oregon State Police Concludes

The grand jury’s role was solely to determine whether the involved officers’ conduct warranted criminal charges; questions...

Fan buying famed ‘Goonies’ house in Oregon, listed for jumi.7M

ASTORIA, Ore. (AP) — The listing agent for the Victorian home featured in the “The Goonies” film in Astoria, Oregon, said this week the likely new owner is a fan of the classic coming-of-age movie about friendships and treasure hunting, and he promises to preserve and protect the landmark. ...

Scientists call for action to help sunflower sea stars

ASTORIA, Ore. (AP) — Scientists along the West Coast are calling for action to help sunflower sea stars, among the largest sea stars in the world, recover from catastrophic population declines. Experts say a sea star wasting disease epidemic that began in 2013 has decimated about...

Missouri holds off Arkansas 29-27 to reach bowl eligibility

COLUMBIA, Mo. (AP) — Missouri and Arkansas will be headed to similar bowl games after the Tigers held off the Razorbacks 29-27 on Saturday night, leaving each of the bitter border rivals 6-6 on the season. Only one walked out of Faurot Field with victory cigars. Brady...

Rivalry week should bring SEC bowl forecast into clear focus

GAINESVILLE, Fla. (AP) — It’s rivalry week for most of the Southeastern Conference. The Egg Bowl. The Iron Bowl. The Palmetto Bowl. The Sunshine Showdown. Clean, Old-Fashioned Hate. The Battle Line Rivalry. It’s a chance for everyone to either avoid or add to the powerhouse...

OPINION

‘I Unreservedly Apologize’

The Oregonian commissioned a study of its history of racism, and published the report on Oct. 24, 2022. The Skanner is pleased to republish the apology written by the editor, Therese Bottomly. We hope other institutions will follow this example of looking...

City Officials Should Take Listening Lessons

Sisters of the Road share personal reflections of their staff after a town hall meeting at which people with lived experience of homelessness spoke ...

When Student Loan Repayments Resume, Will Problems Return Too?

HBCU borrowers question little loan forgiveness, delays to financial security ...

Tell the Supreme Court: We Still Need Affirmative Action

Opponents of affirmative action have been trying to destroy it for years. And now it looks like they just might get their chance. ...

AFRICAN AMERICANS IN THE NEWS

In Georgia, how sports explain a political battleground

SMYRNA, Ga. (AP) — The reception area of a metro Atlanta office suite is a veritable museum of Herschel Walker’s football success for the University of Georgia Bulldogs and the NFL. The office is part of the Atlanta Braves' real estate development in the Major League Baseball franchise's new...

Colorado hires Deion Sanders to turn around football program

BOULDER, Colo. (AP) — Deion Sanders is taking over as head coach at Colorado, bringing his charisma and larger-than-life persona to a beleaguered Pac-12 program that’s plunged to the bottom of college football. The deal was announced Saturday night by CU athletic director Rick...

Antisemitic celebrities stoke fears of normalizing hate

A surge of anti-Jewish vitriol, spread by a world-famous rapper, an NBA star and other prominent people, is stoking fears that public figures are normalizing hate and ramping up the risk of violence in a country already experiencing a sharp increase in antisemitism. Leaders of the...

ENTERTAINMENT

LGBTQ chorus in Colorado Springs unifies community with song

COLORADO SPRINGS, Colo. (AP) — Below the vaulted dome and dark wood beams of a church in Colorado Springs, a gay men's choir rehearsed for a concert that's taken on new meaning after an LGBTQ night club became the site of a shooting that killed five and wounded 17. “There is no...

Britney Spears' massive pop songs to land on Broadway, again

NEW YORK (AP) — A stage musical about woke princesses that uses hit songs by Britney Spears will land on Broadway this summer. "Once Upon a One More Time," featuring Spears' tunes, including “Oops!… I Did It Again,” “Lucky,” “Stronger” and “Toxic,” will start...

Cameron Crowe adores recording ‘Almost Famous’ cast album

NEW YORK (AP) — Cameron Crowe believes the spirit of a place lingers long after the moment has passed. That’s what makes recording the Broadway “Almost Famous” cast album at New York’s iconic Power Station studio so special for him. “It’s like going back to the roots of...

U.S. & WORLD NEWS

In Georgia, how sports explain a political battleground

SMYRNA, Ga. (AP) — The reception area of a metro Atlanta office suite is a veritable museum of Herschel...

Blinken vows US support for Israel despite unease over govt

WASHINGTON (AP) — Secretary of State Antony Blinken said Sunday the U.S. will not shrink from its unwavering...

Kylian Mbappé leads France past Poland 3-1 at World Cup

DOHA, Qatar (AP) — It all seems so straightforward — laughable, perhaps — for Kylian Mbappé when it comes...

Group aiding kin of slain CIA officers comes out of shadows

WASHINGTON (AP) — Calista Anderson was at a sleepover when the email from a friend arrived. She was 12 years old...

3 Chinese astronauts return to Earth after 6-month mission

BEIJING (AP) — Three Chinese astronauts landed in a northern desert on Sunday after six months working to...

No OPEC+ oil shakeup as Russian price cap stirs uncertainty

FRANKFURT, Germany (AP) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change...

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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