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President Trump's tax plan may have negative effects on Oregon and its residents

President Trump's tax plan may have negative effects on Oregon and it's residents

President Trump's tax plan is helping states all over the country, but Oregon is a state not benefiting from it.

Oregon faces a 217 million dollar loss while other states could get a bonus.

This plan not only is affecting the state as a whole, there are residents who will miss out on some tax benefits.

According to Annette Holman with Liberty Tax, income and property tax subtraction can't exceed 10,000 dollars.

"It really is going to affect more middle to high earners, because those are the individuals who are going to be paying the most state income tax so they are going to either owe more or get less refunds definitely."

The plan did get rid of the miscellaneous itemize deductions, when employees can write off deductions.

Holman says in the Valley, there are a lot of truck drivers and they will be the ones most affected by this change.

Another benefit taken away by the tax plan is that residents will no longer be able to have a personal exemptions. This means they won't be able to subtract 4,050 dollars from every person in their household.

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