Oregon Lawmakers Debate Trump Tax Cut
Portland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oregon lawmakers debate Senate Bill 1507, which aims to disconnect from President Trumps bonus depreciation tax break to protect state revenue. The bill, passed on party-line votes, would save the state $267 million over two years but faces criticism from business groups who argue it spurs investments and growth. Governor Tina Kotek supports the bill, despite concerns from her Prosperity Council and business leaders like Jordan Schnitzer, who warn it discourages new businesses and jobs. The bill now awaits Koteks signature, aligning Oregon with over twenty other states without hurting competitiveness.
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