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|Articles - December 2010|
|Wednesday, November 17, 2010|
That’s right, Reagan. Wyden, the Democratic Senator who supports gun control and universal health care, wasted little time after offering his exuberant thanks to Intel to point out that under his Reagan-inspired bipartisan tax bill major employers such as Intel would pay significantly less in corporate taxes. In fact, he had the exact figure on the tip of his tongue: Intel’s federal tax bill would drop from $30 million to $24 million under Senate Bill 3018, the Bipartisan Tax Fairness and Simplification Act of 2010.
“It’s the first bipartisan tax bill in 25 years,” he said. “And it will make American companies more competitive.”
Wyden co-wrote SB 3018 with Republican Sen. Judd Gregg of New Hampshire, a fiscal conservative who was President Obama’s first choice for Commerce Secretary but turned down the job. The bill would simplify the tax code by eliminating special-interest tax breaks, reducing the number of tax brackets from six to three and establishing a flat 24% corporate tax rate (thus the projected savings for Intel). It would also allow businesses with gross receipts of under $1 million to expense all equipment and inventory costs in a single tax year.
Wyden said he drew his inspiration from the Tax Reform Act of 1986 backed by former President Reagan and Democrats Dick Gephart and Bill Bradley, who cleaned a slew of tax breaks out of the code, only to have them replaced by thousands of new ones over the past quarter century. Given that tax breaks cost the federal government more than a trillion dollars per year in revenue, Wyden and Gregg argue that it is time to wipe the slate blank once again.
Their bill was first introduced in February with support ranging as far to the right as David Keene of the American Conservative Union and as far left as Portland activist Steve Novick. But bipartisan ideas didn’t get far in the months leading up to the November elections.
Now that the balance of power is more even, the bill is gaining support. Obama’s bipartisan deficit commission is taking a close look at tax reform, but it won’t be easy. Every tax break has its backers.
Tuesday, May 26, 2015
BY LINDA BAKER
Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Wednesday, May 27, 2015
PHOTOS BY JASON E. KAPLAN
Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.
Wednesday, June 17, 2015
Friday, May 22, 2015
BY AMY MILSHTEIN
Astrid Scholz scales up sustainability.
Monday, July 06, 2015
BY KATHERINE HEEKIN | OB GUEST COLUMNIST
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
Friday, May 22, 2015
BY JOE CORTRIGHT
How conservation stimulates the local economy.
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Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
3 Degrees Event Celebrates 5th Year Bringing Nonprofit and Business Professionals Together to Benefit Portland.
Bend energy leader brings passion for efficiency and renewable energy to the nonprofit.
Event in Forest Grove marks recognition of Global Food Safety Initiative Certification.