How One Business Owner is Responding to the News
Small business owners across the state are weighing in on a new Oregon law that will eliminate a state tax break that they would have received in conjunction with the new federal tax reform. Central Oregon Daily’s Anyssa Bohanan looks at how one local business owner is handling the news.
Governor Brown is calling for a special session this summer to try to extend the preferred tax rate that the state already offers more small business owners like Jennifer and it could happen as early as June.
Updated Wed., Dec. 20, 3:30 p.m.
President Donald Trump is expected to sign the Republican tax bill before Christmas after Congress passed the bill with a nearly party line vote on Wednesday.
The tax bill passed the House for the second time on Wednesday with a vote of 224 for and 201 against, with 11 republicans siding with democrats and voting no.
The Senate changed and voted on the bill again early Wednesday morning, after passing it Tuesday. It passed Wednesday with another party line vote: 51 republicans in favor of the tax bill and 46 democrats and two independents voting against.
Senator John McCaine (R-AZ) was not present for the Wednesday morning vote since he is in Arizona receiving medical care.
The House of Representatives passed the tax bill on Tuesday, despite a handful of republicans and all the House’s democrats voting against it. The bill was stalled for a day and sent back to the Senate after Senator Bernie Sanders (I-VT) found part of the bill violated Senate rules.
The bill is expected to move forward despite push back from democrats and the hundreds of protestors who interrupted votes on both Tuesday and Wednesday.
Tune in to Central Oregon Daily at 6 p.m. to hear the latest on the bill and how it could affect residents of Central Oregon.
Obamacare Contains Hidden Costs
While Congress hammers out the details of the future of health care, the rest of us are still navigating the waters of Obamacare until a new law is passed.
In part two of “The Price of Life,” our series on the Affordable Care Act, Central Oregon Daily’s Mackenzie Wilson looks at a hidden cost of Obamacare that you may not know about until you fill out your tax return.