How Portlanders will be affected by Trump's tax and spending bill
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Portlanders will see thousands in tax cuts under the new tax and spending bill passed by Congress last month, which made Trump's 2017 tax cuts permanent and added a bunch more.
Why it matters: These tax cuts can ease cost-of-living pressures — crucial as wage growth lags inflation and tariffs continue to drive prices upward.
The big picture: The average American will receive a federal tax cut of $3,752 in 2026, per an analysis from the Tax Foundation, a nonpartisan research group that mostly supports lower taxes, Axios' Emily Peck and Jason Lalljee report.
Zoom in: Residents of Multnomah County are set to see an average tax cut of $3,413, with Washington County ($3,519) and Clackamas County ($3,922) also set to see sizable cuts.
- Deschutes County tops the state with an average of $4,498, while rural Wheeler County sees the least at $1,956.
Zoom out: The largest average tax cuts are happening in mountain resort towns where high-earners and business owners live. In Teton County, Wyoming, residents will see an average tax cut of $37,373, the highest in the U.S.
- The smallest tax cuts are in rural counties — like Loup County, Nebraska, where the average tax cut in 2026 is $824.
Reality check: The big bill also made some steep cuts to social spending on food benefits and Medicaid, but those mostly don't kick in until 2027 and 2028.
- For many lower-income Americans, those cuts will outweigh any benefits of these tax breaks.