Friday, December 15, 2017
News Roundup

Median U.S. household income up for second straight year

WASHINGTON — U.S. household incomes rose strongly for the second straight year in 2016, as the long-running economic recovery generated broad gains in prosperity.

The median household income was $59,039 in 2016, an increase of 3.2 percent over the year before after adjusting for inflation, the Census Bureau said Tuesday. The share of Americans living in poverty declined, and the share with full-year health insurance increased, the bureau also reported.

The strong gains will probably sharpen the political debate between President Donald Trump, who is pressing to overhaul the nation's economic policies, and Democrats who now have more ammunition to argue that the changes Trump seeks would mess with success.

The most immediate battle will be over Trump's push for large tax cuts.

"The challenge for policymakers now is to build on the last few years' progress and not worsen poverty and inequality," said Robert Greenstein of the Center on Budget and Policy Priorities, a liberal research organization. He said that many of the items on Trump's agenda "would raise poverty, widen inequality, or reduce health insurance coverage."

The Census Bureau data paint a picture of widespread improvement in the final years of the Obama administration. The gains in 2015 were the largest on record. Median household income increased by 5.2 percent, the largest jump since record keeping began in 1967.

The gains in 2016 pushed median household income to the highest level on record, but officials cautioned the figure was affected by a change in methodology in 2013, and that actual incomes probably had not exceeded the previous peak, in 1999.

The Economic Policy Institute, a liberal research organization based in Washington, estimated that without the change in methodology, median household income was still roughly 2.3 percent below the record high — and 1.6 percent below the level reached in 2007.

Moreover, the gains have accrued disproportionately to the most affluent Americans. The mean household income for the poorest fifth of households fell by $571 over the decade that ended last year, adjusting for inflation. The mean for the wealthiest fifth of households increased by $13,479, also adjusting for inflation.

Trump campaigned on a pledge to lift the nation's fortunes and to repair what he described in his inaugural address as "this American carnage." He has called for cuts to federal taxes and spending, broad reductions in regulation and limits on foreign trade.

He also promised to repeal and replace the health care law.

The poverty rate fell for the second straight year. The Census Bureau reported that 12.7 percent of households lived in poverty in 2016, representing a total of 40.6 million people. That was down from 13.5 percent of households and 43.1 million people in 2015.

The data showed that the ranks of those with health insurance coverage continued to grow last year. Only 8.8 percent of the population lacked insurance for the full year, down from 9.1 percent in 2015.

Comments
Deputies: Plant City men fled in stolen car, later found in swamp

Deputies: Plant City men fled in stolen car, later found in swamp

DOVER — Two Plant City men, with several outstanding warrants, face additional charges after Hillsborough County deputies said they were driving a stolen car when they fled an attempted traffic stop on Thursday afternoon.The men ran away from deputie...
Updated: 21 minutes ago

Hudson pedestrian killed while crossing U.S. 19

HUDSON — A Hudson man was killed Thursday night while crossing U.S. 19.According to the Florida Highway Patrol, 59-year-old Gerald Berube was crossing the northbound lanes of U.S. 19 north of Stahl Drive around 6:40 p.m. when he walked into the path ...
Updated: 1 hour ago
Forecast: Morning clouds yield to bright, warm weekend sunshine across Tampa Bay

Forecast: Morning clouds yield to bright, warm weekend sunshine across Tampa Bay

Early clouds and possible morning sprinkles will yield to increasing sunshine later in the day, setting the stage for a pleasant and warmer weekend across Tampa Bay.10News WTSPFeels-like temperatures around the Tampa Bay area Temperatures are starti...
Updated: 1 hour ago
Missing Child Alert issued for Port St. Lucie girl, 17

Missing Child Alert issued for Port St. Lucie girl, 17

A Florida Missing Child Alert has been issued for a 17-year-old Port St. Lucie girl who was last seen on Thursday.Heaven Flores was last seen near the 1400 block of SW Cashmere Boulevard in Port St. Lucie, according to the Florida Department of Law E...
Updated: 2 hours ago

Bicyclist killed in Seminole Heights crash; portion of E Hillsborough Avenue closed

TAMPA — A bicyclist was killed early Friday morning in a crash in Seminole Heights.Tampa Police say the bicyclist was struck by a car just after 12:15 a.m.Eastbound E Hillsborough Avenue is closed from N Florida Avenue to N Central Avenue while polic...
Updated: 2 hours ago
The Daystarter: Focus on free speech in colleges; Rays trades may still be coming; Katy Perry tonight in Tampa; remembering ‘The Fight Doctor’

The Daystarter: Focus on free speech in colleges; Rays trades may still be coming; Katy Perry tonight in Tampa; remembering ‘The Fight Doctor’

Catching you up on overnight happenings, and what you need to know today.• A stray shower is possible today as another cold front moves through, according to 10Weather WTSP. Luckily, the front only depresses temperatures into the lower 70s. The week...
Updated: 2 hours ago
St. Petersburg’s Museum of the American Arts and Crafts Movement set to be complete in 2019

St. Petersburg’s Museum of the American Arts and Crafts Movement set to be complete in 2019

ST. PETERSBURG — The Museum of the American Arts and Crafts Movement, under construction since 2015, is scheduled to be complete by the summer of 2019.The five-story, 137,100-square-foot building will house businessman and collector Rudy Ciccarello’s...
Updated: 3 hours ago
Ybor City remembers Ferdie Pacheco, a true ‘Tampaiño’

Ybor City remembers Ferdie Pacheco, a true ‘Tampaiño’

TAMPA — The speakers at Dr. Ferdie Pacheco’s memorial on Thursday evening were asked to keep their remarks to under 10 minutes, and to refrain from using profanity.They all thought that was pretty funny, of course."Like Ferdie ever spoke for less tha...
Updated: 10 hours ago
Taxpayer subsides of Tampa golf courses are on the rise as struggles continue

Taxpayer subsides of Tampa golf courses are on the rise as struggles continue

TAMPA — For the half of the year that Harry Nichols lives in Oldsmar, he plays 18 holes several times a month at Rocky Point Golf Course. On a good day, Nichols said he shoots close to par on the Dana Shores course. And if he’s really lucky, it’ll on...
Published: 12/15/17
Howard Altman: Military-themed gifts for your holiday shopping needs

Howard Altman: Military-themed gifts for your holiday shopping needs

The season of giving is upon us, so here’s a selection of military-themed gifts for the folks on your Christmas and Hannukah lists.Drink up: American Freedom Distillery is a veteran-owned maker of artisan whiskeys, rums, vodkas and gins located in St...
Published: 12/15/17