National Retail Federation,
The National Retail Federation welcomed bipartisan legislation introduced in the Senate that would fix a drafting error in the tax reform law that took effect in 2018. The error relating to depreciation rules is delaying job-creating investments in stores and restaurants across the country.
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By Oregon US Attorney Office Release,
Miguel Merecias-Lopez, 24, of Woodburn, Oregon, pleaded guilty to one count each of conspiracy to produce false identification documents and possession with intent to distribute methamphetamine.
According to court documents, from a time unknown until September 21, 2017, Merecias-Lopez and other co-conspirators were part of a Oaxaca, Mexico-based criminal conspiracy to produce and sell fraudulent U.S. government documents.
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By Oregon Taxpayer Foundation
Capitol Update Series
The Oregon Legislature looks poised to approve a bill co-sponsored by Rep. Jack Zika enabling construction of 485 new housing units—half of those for people with below-average incomes—on land outside of Redmond.
Zika, R-Redmond, is optimistic for passage of House Bill 2336, which sailed through the House unanimously.
“Central Oregon is facing a severe housing crisis and the best way to combat this issue is to add additional supply to allow more affordable housing,” Zika said. “Redmond will see a direct positive impact with this legislation.”
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Timothy A. Duy
Director, Oregon Economic Forum
Department of Economics, University of Oregon
The Oregon Measure of Economic Activity jumped to 1.51 in January from an upwardly revised December reading of 0.41. Highlights of this month’s report include:
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Oregon US Representative Peter DeFazio Press Release,
U.S. Representative Peter DeFazio (D-OR), U.S. Senator Brian Schatz (D-HI), and U.S. Senator Chris Van Hollen (D-MD) will introduce legislation to create a new progressive tax on financial transactions that would generate billions in revenue, while addressing economic inequality and reducing high risk and volatility in the market.
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US Chamber Release,
Marjorie Chorlins, executive director of the U.S. Chamber’s U.S.-UK Business Council, issued the following statement in response to the UK Parliament vote today to delay Brexit:
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By Oregon Small Business Association
Attorneys representing four women who alleged gender discrimination by Nike Inc., the sportswear giant based in Portland, won the first round in an attempt to broaden their litigation into a class-action lawsuit.
Federal Magistrate Judge Jolie Russo rejected Nike’s motion to dismiss class and collective claims, which would have limited the number of plaintiffs who could be added to the discrimination lawsuit, according to Footwear News.
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By J. Chris Duckworth
Bullard Law,
Oregon law firm
The United States Department of Labor (DOL) has proposed a new rule that would raise the salary threshold required to qualify for overtime exemptions to $35,308 per year, up from the current threshold of $23,660 per year that was set in 2004. The rule also proposes to increase the Highly Compensated Employee exemption from $100,000 per year to $147,414 per year. The DOL states that if finalized, these updates to the Fair Labor Standards Act’s regulations would make more than one million additional workers in the country eligible for overtime.
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Tax Foundation
by Garrett Watson, Nicole Kaeding
This week, Oregon’s Legislative Revenue Office (LRO) provided economic projections to the Joint Committee on Student Success Subcommittee on Revenue to assess the impact of a proposed gross receipts tax on Oregon’s economy. The committee is interested in raising about $1 billion in annual revenue from a new source to improve the state’s public education system. This is the third time Oregon has considered a gross receipts tax in the past five years, after a legislative proposal failed in 2017 and a ballot initiative to enact a gross receipts tax was rejected by voters in 2016.
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New and Emerging Jobs in Oregon: The Latest Trends
By Oregon Employment Department
The Oregon Employment Department’s occupational employment projections through the year 2027 include the latest trends in new and emerging jobs in Oregon. Projections provide the expected growth rate and annual openings for 724 different occupations from 2017 to 2027. Occupations generally include numerous types of jobs, from old familiar job titles, to new job titles that may not even exist yet. In many cases, new and emerging jobs are reflecting within the fastest growing occupations.
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