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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, February 25, 2014
BY BRANDON SAWYER
The 100 Best Companies get more creative with perks and more generous with benefits; employees seek empowering relations with management and coworkers.
Wednesday, January 15, 2014
BY MIKE GREEN | OB BLOGGER
The problem with the issue of income inequality is that it’s typically an afterthought to a region’s economic planning, and not a core priority around which primary economic strategies revolve.
Tuesday, March 04, 2014
BY DEBRA RINGOLD | GUEST CONTRIBUTOR
How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?
Tuesday, January 21, 2014
Hood River company MTMCare manages medications for eligible Medicare clients.
Thursday, February 27, 2014
Our 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.
Wednesday, January 22, 2014
BY HANNAH WALLACE | OB BLOGGER
I’m thrilled that Portland’s restaurants are thriving. But who are these people who can afford to dine out several nights a week? They can’t all work for Adidas, Intel, or Nike—or some new tech start-up or innovation consultancy firm.
Tuesday, February 25, 2014
BY SOPHIA BENNETT
The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue.
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Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
Allowing individuals to access their own healthcare options has created more difficulty instead of making things easier. There are so many examples that illustrate why agents are more important than ever in helping businesses and individuals determine the healthcare coverage that best fits their need.
Barran Liebman is pleased to welcome Tyler Volm and Damien Munsinger as Associate Attorneys. Both Tyler and Damien represent employers and management in employment law litigation, and provide advice on a full range of employment law matters.
The 2014 World Trademark Review 1000 (“WTR”) recently named Lane Powell as one of the top trademark law firms in Oregon and Washington, and Lane Powell attorneys Kenneth R. Davis II, Parna A. Mehrbani, Frances M. Jagla and Paul D. Swanson as top individuals in the practice.
Capital Pacific Bank, a Portland-based community bank serving businesses, professionals and nonprofit organizations, today announced that it has earned recognition as a Certified B Corporation by B Lab, a nonprofit organization dedicated to building a community of socially responsible businesses. The bank is one of six financial institutions across the country to achieve B Corp status.