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Oregon treasurer questions CEO pay

August 16, 2018 --

State Treasurer Press Release,

Oregon State Treasurer Tobias Read is calling for more responsible compensation practices and accountability at pharmaceutical giant McKesson Corp., one of the nation’s largest distributors of prescription opioids.

A shareholder resolution filed jointly by the Oregon Treasurer, the AFL-CIO Equity Index Fund, As You Sow, and the Zaitlyn Nienberg Family trust of Oakland, Calif., will be considered at the McKesson annual shareholder meeting on July 25 in Dallas/Fort Worth, Tex. The proposal would change the company’s compensation calculation formula, which historically has enabled executives to more easily hit performance targets and trigger incentive compensation bonuses.

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Sin Tax Study: Hurts Everyone but the User

August 15, 2018 --

By Oregon Small Business Association Foundation,

A relevant study on product sin taxes comes at a time when Oregon is considering a host of new sin taxes. As we speak, Governor Brown’s PERS task force is recommending a $60 million surtax on liquor, the State Legislator has been looking into taxing vaping products as well as increasing cigarette taxes and Multnomah County has had several soda tax petition efforts.

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Youth jobless hits record low

August 14, 2018 --

By Oregon Employment Department,

Oregon’s unemployment rate was 4.1 percent in 2017, which was Oregon’s lowest unemployment rate since comparable records began in 1976.

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Questions on pay equity rules

August 13, 2018 --

By Oregon Business & Industry
HB 2005, the pay equity bill passed by the 2017 Legislature, becomes law January 1, 2019, and the Bureau of Labor & Industries (BOLI) has begun the process of determining how the different aspects of the law will be implemented.

The stakes are high. HB 2005 is the most comprehensive pay equity legislation in the nation. When it is fully implemented in 2024, employers who violate it will be liable for back wages and penalties. Oregon Business & Industry (OBI) is participating in the Rulemaking Advisory Committee (RAC), which is defining terms and conditions contained in the bill.

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Trump eyes capital gains tax change

August 11, 2018 --

by Timothy D. Carkin
Senior Vice President
Ferguson Wellman Capitol Management

News broke that the Trump administration would consider bypassing congressional legislation to change the capital gains taxes rules to index for inflation. The current strategy that is being floated is to use the Treasury department and IRS rather than traditional legislation to redefine capital gains to include only returns in excess of inflation.

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A big union victory this week

August 10, 2018 --

Wall Street Journal Editorial Board,

Big spending paid off for Big Labor on Tuesday as Missouri voters rejected right-to-work legislation by an overwhelming 2 to 1. Compulsory dues will help offset the unions’ $27 million investment in political coercion.

In 2016 unions spent some $12 million to support a Missouri Democratic gubernatorial candidate who vowed to veto right-to-work legislation that lets workers decide if they want to join a union. That effort failed, and then- Gov. Eric Greitens signed it into law his first month in office.

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Small slip in jobs, manufacturing

August 8, 2018 --

Timothy A. Duy
Director, Oregon Economic Forum
Department of Economics, University of Oregon

The Oregon Measure of Economic Activity slipped to 0.76 in June from an upwardly revised May reading of 0.94. Highlights of this month’s report include:

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Oregon #6 on Red Tape list


By Taxpayer Association of Oregon Foundation,

Many Oregon businesses and residents feel like state government meddles too much in their everyday lives. They also feel like all this meddling does not do much to make their day-to-day lives much better. New research shows they may be correct. Oregon has the sixth highest number of regulatory restrictions in the country.

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Decoding Oregon’s tight labor market

August 7, 2018 --

Josh Lehner
Oregon Office of Economic Analysis,

We know the economy is beginning to run into capacity constraints. The biggest issue today facing Oregon firms is the ability to attract and retain workers. The labor market is getting tighter for two primary reasons: a strong economy, and demographics as retirements increase. These factors are seen across the entire economy, not in an industry or two. Overall this results in slowing statewide job growth as the economy transitions down to more sustainable rates.

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DeFazio: Let’s stop raiding TSA security fees

August 6, 2018 --

Congressman Peter FeFazio,

Rep. Peter DeFazio (OR-04), Ranking Member of the Committee on Transportation and Infrastructure, and Rep. Bennie G. Thompson (MS-02), Ranking Member of the Committee on Homeland Security,  urged Transportation Security Administration (TSA) Administrator David Pekoske to continue passenger screenings at small and medium-sized airports across the United States.

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