Sponsored by Lane Powell

Consumer spending in Oregon could fall $2.5B, White House says

| Print |  Email
Must Reads
Thursday, November 29, 2012

Consumer spending in Oregon could fall by $2.5 billion if Congress does not block a tax increase for middle class families in the state.

The calculation from the President's Council of Economic Advisers (CEA) came as part of the coordinated campaign to pressure congressional Republicans to reach agreement on a package to avert the spending and tax hits early next year known as the fiscal cliff.

"Faced with these tax hikes, the CEA estimates that consumers in Oregon could spend nearly $2.5 billion less than they otherwise would have in 2013 just because of higher taxes," the summary released Wednesday night by the White House said. "Consumers nationwide would likely spend nearly $200 billion less than they otherwise would have in 2013."

Read more at OregonLive.com.

{biztweet}oregon spending{/biztweet}

 

More Articles

5 stats about Oregon fireworks

The Latest
Thursday, June 18, 2015
fireworksthumb001BY JACOB PALMER | DIGITAL NEWS EDITOR

Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.


Read more...

Oregon businesses face destruction from future earthquake

The Latest
Wednesday, May 20, 2015
htctthumb1BY KIM MOORE | RESEARCH EDITOR

An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.


Read more...

Biker dreams

The Latest
Friday, May 15, 2015
bike at ater wynn-thumbBY KIM MOORE | RESEARCH EDITOR

The Portland Bureau of Transportation is seeking input from businesses on a $5.5 million initiative to create a network of biking, transit and pedestrian trails within Portland’s central city.


Read more...

Hall of Flame

June 2015
Friday, May 22, 2015
BY JACOB PALMER

A Power Lunch at Oswego Grill.


Read more...

Photo Log: The 2015 100 Best Green Workplaces in Oregon

The Latest
Wednesday, May 27, 2015
greenthumbPHOTOS BY JASON E. KAPLAN

Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.


Read more...

An uncertain future

Guest Blog
Thursday, May 21, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS