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

Powerlist: Credit Unions

June 2014
Thursday, May 29, 2014
BY KIM MOORE

A conversation about credit unions with the CEOs of Advantis Credit Union and OSU Federal Credit Union, followed by June's Powerlist.


Read more...

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment. 

Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.


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