What People in Oregon Are Saying About The Tax Cuts and Jobs Act
What People in Oregon Are Saying About
Tax Plan Calculators: A number of news outlets and others have developed tax calculators based on the provisions of the Tax Cuts and Jobs Act. Try them out below and see the numbers for yourself.
- Washington Post Tax Calculator: https://www.washingtonpost.com/graphics/2017/business/tax-bill-calculator/?utm_term=.bb788b9c2558
- New York Times Tax Calculator: https://www.nytimes.com/interactive/2017/12/17/upshot/tax-calculator.html
- Tax Plan Calculator by Maxim Lott: http://taxplancalculator.com/
"Pro-growth tax reform is on its way to hardworking, middle-class Americans. And it’s about time. The biggest percentage of tax reductions next year will go to those earning between $20,000 and $50,000 a year. That’s according to the Joint Committee on Taxation. An Eastern Oregon family earning the median income of approximately $50,000 a year will pay about $1,300 less next year. Over the next eight years that’s a savings of $10,400 for that family." - Representative Greg Walden
Pacific Power: “We strive to provide our customers reliable service while keeping rates low. The benefit of this tax cut should be passed on to our customers – and we will work with our regulators and stakeholders on the best way to do that.” – Stefan Bird, President and CEO of Pacific Power.
Capital Press Ag Weekly: "The tax reform bill passed by Congress and signed by President Trump last week appears to have provisions that favor farmers, ranchers and agribusinesses. In a year when the prices of many commodity are depressed, that’s good news." - Capital Press Ag Weekly Editorial Board.
Grants Pass Chamber - “The small businesses in rural southern Oregon will enjoy the benefits of the Tax Cuts and Jobs Act with the 20% tax deduction for small businesses, as well as the ability to immediately write-off the cost of new equipment without previous limitations. This will help business reinvest in their community, and we look forward to job growth in manufacturing and trades for our companies and their employees. We appreciate Congressman Walden’s efforts to pass this bill into law.” – Colene Martin, President, CEO, Grants Pass and Josephine County Chamber of Commerce.
Oregon Farm Bureau - “This bill lowers taxes for the vast majority of our agricultural families. We thank Congressman Greg Walden for his work on this bill, and his success in restoring key provisions like state tax deductibility. This was a huge lift and we know family agriculture will see the benefits for many years to come. Beyond the ag-specific benefits of this bill, we are happy to see good the economic policy it implements. The bill brings corporate tax rates closer to those of our competitor nations, and should encourage greater capital investment in the United States.” - said Oregon Farm Bureau President Barry Bushue.
Insitu - “Boeing and Insitu applaud Congress for taking critical steps to reform the tax code, which will help us in the Columbia Gorge region become more competitive and invest more in innovative technologies that drive expansion of the use of unmanned systems. We thank Chairman Greg Walden for his leadership in this area.” – Ryan Hartman, President and CEO of Insitu, a Boeing wholly-owned subsidiary.
Intel - Intel. William Moss, a spokesman for the company.
"Although it's too early for us to detail specific business decisions, we believe this tax reform bill can help level the playing field for U.S. manufacturers and make us more competitive in today's global economy," Moss wrote in an email. "The bill should also spur further investment in American manufacturing and (research and development)." - http://www.oregonlive.com/politics/index.ssf/2017/12/greg_walden_defends_republican.html
Oregon Cattlemen’s Association – “The Oregon Cattlemen’s Association would like to recognize and thank Congressman Walden for his hard work and dedication towards the tax reform. Several elements, such as lowering individual tax rates and increasing levels of estate tax exemption will be particularly helpful to ranchers in Oregon.”
Washington Federal – “…announced with the signing of tax reform legislation, the Bank will accelerate strategic investments in its employees, client service capabilities and community development funding. Specifically, effective when the bill becomes law all Washington Federal employees in good standing and earning less than $100,000 per year will receive a 5% increase on top of their normal merit increase. In addition, a substantial investment will be made in the training and development of all employees, enabling them to upgrade their skills to more effectively compete in today’s rapidly changing business environment. The training will focus on leadership, technology, and client service skills.” -- https://www.streetinsider.com/Corporate+News/Washington+Federal+%28WAFD%29+Announces+5%25+Wage+Increase+Following+Tax+Reform/13621451.html
“Yes, this tax cut that reduces the federal excise/alcohol tax of small producers by 50 percent is helpful and gratefully accepted,” - Steve Anderson of Kobold Brewing, in Bend
“It’s a huge relief for us. Every year there are a ton of projects for us to continue to grow and maintain a facility in Bend. That funding will be reinvested.” - Deschutes Brewery CEO Michael LaLonde
"I know on the excise tax alone, we're probably looking in the neighborhood of $70,000 that we're going to save. That money is going to just go right back in the pockets of the brewery, which is going to be turned into more equipment expansion, and bodies and labor as well." Jason Stuwe, Co-Owner of GoodLife Brewing