The following is from The Oregon Center for Public Policy:
Two years ago this month, Congress enacted the biggest tax scheme seen in a generation.
Following the failed playbook of trickle-down economics, the tax package lavished massive tax cuts on the rich and corporations. Two years into the law, rather than seeing prosperity rain down, working Americans — especially those at the bottom — remain trapped in a landscape of diminished economic opportunity.
The second anniversary of the December 2017 federal tax law calls for a new direction in federal tax policy. That new approach must reject trickle-down once and for all, and instead lift our nation from the bottom up. A great start in this new direction would be a meaningful expansion of tax credits for working families.
While the 2017 federal tax law threw a bone to most of us, it served up a banquet for those at the top. The law, for example, doubled the amount the wealthy can pass on tax-free to heirs, and created new loopholes for business owners and wealthy investors. To continue reading,click here.
Oregon Cultural Trust 2019 year-end Opinion/Editorial
To the Editor:
Do you value public radio, music, libraries, museums and monuments? If so, please take advantage of Oregon’s most generous offer to support them.
Every Oregonian has the right to direct a portion of their state taxes to fund arts and culture, but only a small percentage act on it.
Here’s how it works: Make a donation to one or more of Oregon’s 1,400+ cultural nonprofits, then make a matching gift to the Oregon Cultural Trust by Dec. 31. You get 100 percent of the Cultural Trust donation back when you file your state taxes – by claiming the cultural tax credit – and the state legislature invests that same amount in Oregon culture.
Since its creation in 2001, the Cultural Trust has awarded more than $30 million to Oregon cultural nonprofits. In Lincoln County those grant awards have exceeded $421,577, including FY2020 grant awards to the Lincoln County Cultural Coalition, the Lincoln City Cultural Center, the Oregon Coast Council for the Arts and the Oregon Coast Youth Symphony Festival Association. A 10-year impact study by ECONorthwest calls the Trust’s geographic reach “remarkable.”
And now the Cultural Trust tax credit is an even more important tool for Oregon taxpayers. While the new tax laws reduced the number of Oregonians who itemize deductions at the federal level, the benefits of investing in Oregon culture remain the same. Whether or not you itemize, your donation to the Cultural Trust still prompts a 100 percent tax credit on your state taxes!
Contributions to the Cultural Trust are easy to make and can be done online at www.culturaltrust.org. The Trust can accept appreciated stock as well as IRA distributions, which may provide additional tax benefits. For clients using Donor Advised Funds to make donations, their matching gift to the Trust must come from an alternate source of funds to qualify for the tax credit. The tax credit is limited to $500 for individual filers, $1,000 for joint filers and $2,500 for C-corporations.
If you enjoy Oregon’s arts and culture community, participating in the Cultural Trust tax credit program is the best way to give back. Make sure a portion of your state taxes supports arts and culture. It’s a win-win for everyone.
Newport Symphony Orchestra Presents Halie Loren’s “Season Of Light” Concerts this Weekend
The Newport Symphony Orchestra at the Ocean presents Halie Loren and her quintet for two days of holiday music revelry this Saturday at 7:00pm and Sunday at 2:00pm. “Season of Light”, a concert brimming with holiday magic comes to the Newport Performing Arts Center and will include familiar fare of nostalgic favorites done in classic fashion alongside songs that play with seasonal themes in unexpected ways. Through the magic of song, Loren and her band will bring a little extra warmth, sweetness, humor, and light to this holiday season. Joining Halie are Matt Treder (piano), Sean Peterson (bass), Rob Birdwell (trumpet) and Charlie Doggett (drums). Among the holiday favorites Halie will perform include Home for the Holidays, The Christmas Song, Let it Snow and Have Yourself a Merry Little Christmas.
Halie is an international, award-winning singer/songwriter. Raised in Alaska, this Oregon-based artist brings a fresh and original perspective to time-honored musical paths, channeling her innate understanding of connecting across musical boundaries to forge bonds with diverse audiences in North America, Asia, and Europe.
A lover of global cultures and music, her repertoire is a multi-lingual one, including songs in Spanish, French, Portuguese, Italian, Japanese and Korean as well as her native English. She’s released eight albums to-date, garnering several national and international awards as well as significant critical and chart success along the way.
Tickets, $27 and $42 (plus fees) and $10 for students are on sale at the Performing Arts Center box office, by calling 541-265-2787 or online at NewportSymphony.org. The Center is located at 777 West Olive in Newport. Family and Groups can save 50%!
For Sunday’s performance parents who bring their children can save 50% off the standard or premium tickets when purchased the same time as the child’s tickets. Groups of 6 or more can also save 50% off the standard or premium tickets for Sunday’s performance. Discounts only available at the Box Office.
The concert is presented by the Newport Symphony Orchestra at the Ocean although the Newport Symphony will not be performing at this event.
Earth under attack by toxic industrialization… Wikipedia photo
Not a day goes by that we don’t hear more and more references to “Climate Change,” which is a term used describe the Earth heating up – its air, land and oceans.
To get a long term public view of what is happening to our tiny blue dot in an endless space, Lincoln County officials circulated a questionnaire as to local public opinion about our knowledge and attitudes toward this ominous trend and its effects on all our lives.
The survey confirms that a great many Lincoln County residents believe Climate Change is a danger to life as we know it on this Earth.Click here.
10:54am. Report of a traffic crash on a neighborhood street at NE Eads and NE 11th. Possible injury to one of the drivers. One vehicle is a Lowe’s furniture truck. Smoke is coming from one of the vehicles.