NEWS ROUNDUP
Yakima wants ‘Jobs Now,’ good/bad budget news, Congress’s deal…
STATE LEGISLATURE
ALSO at The Stand — ‘Jobs Bond’ would spur state’s economy. private-sector growth (by AGC President Steve Isenhart and WSLC President Jeff Johnson)
— Sen. Kilmer’s plan: ‘Ingenious job creation in hard times’
— ‘Jobs Now’ bill gains steam in Olympia with projects lists
► In today’s News Tribune — State representatives propose narrowing big banks’ tax breaks — House Republican leaders threw their support Wednesday behind a plan to narrow a tax break for big banks, an idea they unanimously voted to defeat less than a year ago. “We’ve looked into this,” said House GOP Leader Richard DeBolt. “It is not in the best interest of the state of Washington to pursue (the tax break) anymore.”
► In today’s Spokesman-Review — Relatively rosy state budget forecast expected today— Washington might get the most optimistic budget outlook in years today when state economists deliver the latest revenue forecast. The demand for state services may be lower and the amount of expected revenue may be higher, signaling a shift of more than $500 million to the good.
► In today’s Seattle Times — More cuts to home-care workforce will be costly in long run (by SEIU 775’s David Rolf) — One in five of the more than 42,000 people who care for seniors and people with disabilities lives in poverty, making barely more than $10 per hour on average. Up to half will be forced to leave the field this year. This high turnover not only increases costs but also will make it increasingly difficult to recruit enough caregivers to care for the growing senior population in our state.
► In today’s (Everett) Herald — State budget problem won’t be solved mathematically (Jerry Cornfield column) — If a large bloc of Democrats keep pushing for revenue, then arguably this idea is the shortest path to finishing the budget. They can put it on the ballot with a simple majority which means Republican support isn’t required. What’s the worst that could happen? Voters reject the sales tax measure and lawmakers return to reassemble the pieces.
► In today’s Spokesman-Review — Filmmaking tax credit deserves another run (editorial) — The Senate reauthorized the Motion Picture Competitiveness Program last year, but the measure was left on the cutting room floor when representatives left Olympia without taking a vote. On Tuesday, the Senate voted 40-8 to revive the program. It’s time for the House to get the picture.
► In today’s Wenatchee World — House committee hears testimony on Wenatchee tax increase — Local officials and business leaders made their case to lawmakers on Wednesday for why the city of Wenatchee needs to impose a sales tax increase without a public vote.
BOEING
► In today’s (Everett) Herald — Boeing on upswing provides Obama with backdrop for jobs message — When President Obama arrives Friday at the Boeing’s factory here, he’ll see a manufacturer on the upswing, with jet orders galore and new employees coming in the door every week. It’s precisely the picture of success the president has been promoting: an American manufacturer hiring workers at home rather than sending jobs abroad.
LOCAL
► In today’s Seattle Times — Amazon to buy Denny Triangle property; plans 3 big office towers — In one of Seattle’s biggest real-estate deals in years, Amazon.com has agreed to buy three blocks from Clise Properties and plans to build a 1 million-square-foot office tower on each.
► In today’s (Everett) Herald — City council puts development on hold at K-C mill site — The mayor and other city officials want to keep the 90 acres on the waterfront devoted to industry or a commercial enterprise that puts people to work.
► From AP — Tri-Cities builder constructing all-American home — Builder Aaron Sullivan of Titan Homes says he’ll construct a home using materials all made in America. He got the idea from a Montana contractor doing the same thing and says the idea is to support jobs in the USA.
► In today’s Seattle Times — McKenna returns donations from foreclosure trustee firm — McKenna’s office had put the company, Northwest Trustee Services, on notice in 2010 that it could face investigation, but his campaign accepted donations from the donors on Sept. 30. The $13,800 in donations was made by three attorneys, and two wives, associated with the Bellevue-based firm.
NATIONAL
► From AP — U.S. unemployment applications drop to 4-year low — The number of people seeking jobless benefits in the U.S. fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.
► In The Hill — Boxer sees ‘no path forward’ on Senate transportation bill — The bill’s sponsor says it has been held up by “ridiculously unrelated amendments,” even as she vows to continue pushing for a clean vote on the $109 billion transportation proposal.
► At Politico — Hawker Beechcraft plays the outsource card after losing defense contract — Shrinking defense budgets and election-year politics have tied up a relatively small, $355 million contract to supply 20 light attack aircraft to the Afghan air force. Now, some conservatives say the Obama administration is shipping U.S. jobs to South America.
► In today’s NY Times — GM reports its largest annual profit — General Motors reported the largest annual profit in its history on Thursday. (Mitt “Let Them Fail” Romney refuses to comment.)
► In today’s NY Times — The New Haven experiment (Nicholas Kristof column) — Teachers’ unions have often been an obstacle to efforts at school reforms. But, in New Haven, they are showing that they can be part of the solution
WHAT’S THE DEAL?
► EDITOR’S NOTE — And the New York Times reports that President Obama is leaning on members of Congress who are reluctant to target federal employees, urging them to back the deal. ALSO at The Stand — Urge against federal workers’ pension cuts
► In today’s Washington Post — Payroll tax deal may include federal pension changes — Federal employees will probably be forced to pay more for their pensions as part of a plan to extend payroll tax cuts and unemployment benefits through the end of the year.
► In today’s Washington Post — How much do federal employees earn? — One of the main arguments against forcing federal employees to pay more for their pensions is that most rank-and-file feds don’t make bloated, six-figure salaries — as fiscal conservatives and Republican lawmakers often allege.
TODAY’S MUST-READ
The Stand posts links to Washington state and national news of interest every weekday morning by 9 a.m. These links are functional at the date of posting, but sometimes expire.