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Oregon’s housing supply

January 31, 2019 --

By Josh Lehner
Oregon Office of Economic Analysis

I was invited to testify about housing supply at the inaugural meeting of the Senate Committee on Housing. I was joined by Mike Kingsella, Executive Director of Up For Growth. Combined, the two of us covered the low levels of new construction, housing supply constraints, affordability being a statewide problem, and one reason our office cares so much is the risk that affordability may potentially choke off migration flows, lowering our longer-run forecasts for, well, everything. In the ensuing discussion, Senator Golden asked a number of questions in which I should have done a better job articulating my answer and our office’s research. This post helps clarify and expand upon those questions.

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Occupational License ‘Purity-Test’ Bill – HB 2116

January 30, 2019 --

By Oregon Small Business Association,

Oregon tax bill HB 2116 could threaten the survival of low income workers by adding an extremely restrictive compliance rule that would impact tens of thousands of occupational licenses holders.

Oregon is rated as one of the worst states for occupational licensing and the legislature is considering a tax bill that will make it even worse.

According to the Institute for Justice, 58 percent of low-income occupations have some sort of licensing requirement. For example, Oregon requires 140 days of training to become a manicurist. Cosmetology licenses in Oregon currently require seven additional months of training compared to the same license in Massachusetts.

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Legislative Watch: Tip credit, Paid leave, Tourist taxes

January 29, 2019 --

By Oregon restaurant and Lodging Association

With a Democrat supermajority in both the Oregon House and Senate, ORLA’s Policy Committee will be fine tuning the hospitality industry’s approach to the 2019 Oregon Legislative Session which began officially on Tuesday, January 22.

The following are potential components to ORLA’s advocacy work inside the halls of our capitol building.

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Shutdown ends: State had 2000 unemployment claims

January 28, 2019 --

By Taxpayer Association of Oregon Foundation

Ina  sign of the times, on Thursday the Portland airport had a box accepting food donations for federal airport workers and by Saturday it was taken down as the shutdown ended.  The Willamette Week reported that almost 2,000 federal workers in Oregon have applied for unemployment benefits because of the partial government shutdown.

As the shutdown enters its longest in U.S. history, a third of Oregon’s federal workers have failed to receive paychecks, forcing them to seek help from food stamps, charities, and unemployment.

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NIKE: Black History Month shoes, products

January 25, 2019 --

NIKE Press Release,

Nike released its first Black History Month product, a limited-edition Air Force 1, in 2005. That singular effort has since evolved into a yearly collection, each celebrating African American heritage and a more inclusive world for all athletes.

This year’s BHM collection, highlighted by iconic Nike, Jordan and Converse silhouettes, was inspired by an assortment of national African patterns, brought together onto modernized prints in a theme of Afro-futurism in sport.

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Shutdown stalls new beer and wine releases

January 24, 2019 --

By Oregon Small Business Association,

Winemakers, brewmasters and the manufacturers of liquors who planned to debut new labels for national release in 2019 are finding those plans thwarted by the federal government shutdown.

That’s because they can’t obtain the necessary federal approval for their new concoctions from the Alcohol and Tobacco Tax and Trade Bureau, which is one of the agencies closed by the shutdown.

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10 Worst Business Tax Bills in Legislature

January 23, 2019 --

10 of the Legislature’s biggest business with a tax bite
By Oregon Small Business Association,

More than two dozen bills have been introduced in the Oregon Legislature to raise taxes on businesses. Here are some of the worst ones

1. A 60% business property tax hike: Taxing business property at real market value (RMV), rather than the current assessed value formula. This would raise property taxes on businesses by 50-60 percent. Some businesses could see even steeper increases. For example, Music Millennium in Portland would have a seven-fold increase in property taxes. (HJR 3, HJR 4, and HB 2167).

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The Family Savings Act

January 22, 2019 --

By Jason W. Douthit
Bullard Law,
Oregon law firm

In September, the Republican-controlled House of Representatives passed three bills collectively called Tax Reform 2.0 (referring to a sequel to the Tax Cuts & Jobs Act which was signed into law in late 2017). One of the bills, HR 6757 (Family Savings Act of 2018), will likely enjoy broad support in the Senate if it makes it to a vote there. HR 6757 outlines several changes that would be welcomed by employers who sponsor retirement plans and by individual taxpayers. Here is a list of the key features of the bill:

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Man charged with extortion over Portland Mayor

January 21, 2019 --

US Attorney, Oregon District
Press Release Statement.

A one-count indictment was unsealed in federal court today charging Kermit Tyler Poulson, 39, with transmitting threatening communications with the intent to extort Portland Mayor Ted Wheeler.

“Using social media to extort or threaten violence against any citizen is a crime. This conduct is unacceptable in any context and has no respectable place in public discourse. Threats of violence, both in person and on social media, are taken very seriously by federal law enforcement,” said Billy J. Williams, U.S. Attorney for the District of Oregon.

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2019 Annual Tax Limits

January 18, 2019 --

Ferguson Wellman
Oregon based Capitol Management Firm

The Internal Revenue Service recently announced the annual inflation adjustments for a number of tax provisions for 2019. These went into effect January 1, 2019 and are not intended to be used for 2018 tax returns.

We fully recognize that most of our clients are currently preparing their 2018 taxes and we encourage you to revisit some of the major changes associated with the 2017 Tax Cuts and Jobs Act that will impact 2018 tax planning.

Enclosed you will find the 2019 Annual Limits Guide from the College for Financial Planning®, which is a reference for a variety of tax and wealth planning figures. We manage assets for a broad range of clients who are at different stages of their lives, so we recognize that some of the information may not be pertinent to you.

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