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flag Oregon lawmakers seek to block three federal tax changes to save $291 million in state revenue.

flag Oregon Democrats are pushing Senate Bill 1507 to disconnect from three federal tax changes, aiming to preserve $291 million in state revenue over 18 months. flag The bill targets provisions like a new auto loan interest deduction that could cost Oregon nearly $1 billion, while preserving benefits for low- and middle-income families. flag It seeks to eliminate the federal accelerated depreciation break for businesses, expand the earned income tax credit by 45%, and fund job-creating tax credits. flag The proposal, led by Sen. Anthony Broadman, aims to protect public services amid federal tax shifts, though passage faces challenges due to potential party divisions and Republican opposition.

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