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Replies to this message are sent to an unmonitored mailbox. To contact me, please reply to: Rep.EWernerReschke@oregonlegislature.gov
More Money in Your Pocket
While Oregon Democrat Legislators are looking at ways of raising your taxes and increasing the cost of living, Republicans are working to make your life more affordable by delivering a Big Beautiful Gift with HR-1:
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No Tax on Tips — Establishes a federal income tax deduction of up to $25,000 for “qualified tips,” including cash or charged tips received from customers or through tip sharing.
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No Tax on Overtime — Establishes a tax deduction of up to $12,500 for qualifying employees receiving overtime pay that is reported on a Form W-2, Form 1099, or other specified statement.
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No Tax on Car Loan Interest — Establishes a tax deduction of up to $10,000 on a loan used to purchase a vehicle for personal use that was made in the U.S.
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Increase in the Child Tax Credit — to $2,200 per child, and makes it a permanent, inflation-adjusted credit after 2026.
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Deduction for Seniors — Adults age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.
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Qualified Business Income Deduction — Makes the 20% qualified business income deduction permanent for pass-through entities, while also providing a minimum deduction of $400 for any business with $1,000 or more in qualified business income.
- Enhanced Business Expensing and Depreciation — Raises Section 179 small business expensing limits to $2.5 million (up from about $1.29 million), with a higher phase-out threshold of $4 million, and restores full bonus depreciation for capital investments, canceling the remaining phase-down of this expensing benefit.
Today, all these benefits automatically flow through to your Oregon taxes for 2025. There has been some talk in Salem about “disconnecting” — taking away some of these provisions in HR-1 — but State Republican Legislators remain steadfast against such an idea.
The Key to Affordability is Two-Fold
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Make products and services less expensive by eliminating a myriad of unnecessary regulatory burdens on Oregon businesses.
- Allow Oregonians to keep more of what they earn by lowering taxes.
Unfortunately, State Democrat Leaders stand in the way of both initiatives. State Republicans believe your Oregon tax burden is too high and fully support the idea that you should be allowed to keep more of what you earn. It is why Republicans also vigorously defend Oregon's Kicker. Instead, the reality is that Democrats continue doing the exact opposite.
So if your tax bill is less next year, remember it is Republicans who are on your side, working to make Oregon more affordable.
 It is an honor to serve the people of Central & Southern Oregon. If you need assistance with a state matter, plan on visiting the State Capitol or have an idea for legislation, please reach out to my office.
Best regards,
E. WERNER RESCHKE
State Representative, HD 55
The Crater Lake District
Capitol Phone
(503) 986-1455
Capitol Address
900 Court St. NE, H-383
Salem, OR 97301
Email
Rep.EWernerReschke@oregonlegislature.gov
Website
www.oregonlegislature.gov/reschke
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