@EdgeRunnerAI@SpeakerRyan@SpeakerRyan great opportunity to bring some balanced and experienced insight. Looking forward to future posts re this council.
@ChristineDrazan The Bottom Line
If your business is capital-intensive (buying lots of equipment), you will likely see a tax increase. If your business is labor-intensive and growing its headcount, the new job credits may offset the loss of federal deductions.
@ChristineDrazan Positive side: Workforce Stability: By increasing the state Earned Income Tax Credit (EITC), the bill effectively subsidizes the income of low-to-moderate-wage employees without increasing the employer's direct payroll costs, potentially helping with employee retention.
@ChristineDrazan Break it down: The "positive" side focuses on direct subsidies for hiring and providing for a workforce.
Job Creation Credit: This is the headline "pro-business" feature. Small to mid-sized businesses can claim a $1,000 tax credit for every net new job created (up to 10 jobs)
@ChristineDrazan Break it down: Reduced Capital Gains Exclusions: The bill limits the tax-free treatment of "Qualified Small Business Stock" (Section 1202), meaning founders and investors may owe more state tax when selling their company.
@ChristineDrazan Break it down: Auto Loan Interest Limits: Deductions for interest paid on certain vehicle loans are now limited, increasing the cost of financing commercial fleets or company cars.
@ChristineDrazan Break it down: Loss of Bonus Depreciation: Businesses can no longer immediately write off 100% of the cost of new equipment or machinery. Instead, they must use slower, multi-year depreciation schedules, reducing immediate cash flow
As Democrats try to move the transportation tax referendum to a lower-turnout primary, join tonight’s virtual town hall to learn more about why this move is bad for Oregon and how YOU can keep using your voices to demand lawmakers respect this process — and the more than 250,000 Oregonians who signed petitions to put this on the November general election ballot. @LucettaElmer@BruceStarr@BoshartDavisAg@DavidBrockSmith
Contact your legislators and tell them you oppose SB 1599: https://t.co/DBer8JQA4I
@TomBrady@NFLonFOX Hey Tom - where did the word "twitchy" come from? Is it a verb, adjective, noun...?? Great broadcast tonight...feel'n "twitchy" that the game could go either way.
BREAKING | A new Level 1 “BE READY” flood alert warning have been issued near Salem, according to the city’s Emergency Management Department. https://t.co/HX6wg4f7xV
A Day of Remembrance. 🇺🇸
On #PearlHarbor84, we pause to honor the courageous Americans who served, fought, and made the ultimate sacrifice for our freedom. Their valor and resilience forged the "Greatest Generation." We will never forget their service.
#PearlHarborDay#WWII