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

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

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

A Good Leap Forward

September 2014
Wednesday, August 27, 2014
BY AMY MILSHTEIN

Agriculture businesses ramp up to meet international demand as workforce and succession challenges loom.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


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