Beth Nakamura/The Oregonian
Originally published on March 2, 2021 8:00 am
Thirty years after Oregon lawmakers began giving the state’s timber industry tax cuts that cost rural counties an estimated $3 billion, industry lobbyists warned them not to follow through on efforts to reinstate the tax this year.
Legislators are considering whether to add to taxes paid by the logging industry after an investigation published last year by Oregon Public Broadcasting, The Oregonian/OregonLive and ProPublica found that timber companies, increasingly dominated by Wall Street real estate trusts and investment funds, benefited from the tax cuts at the expense of rural counties struggling to provide basic government services.
Greetings and welcome to the Weyerhaeuser Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Beth Baum Vice President of Investor Relations and Enterprise Planning. Thank you, Ms. Baum. You may begin.
Beth Baum
Vice President, Investor Relations
Thank you, Rob. Good morning, everyone. Thank you for joining us today to discuss Weyerhaeuser s fourth quarter 2020 earnings. This call is being webcast at www.weyerhaeuser.com. Our earnings release and presentation materials can also be found on our website. Please review the warning statements in our press release and on the presentation slides concerning the risks associated with forward-looking statements, as forward-looking statements will be made during this conference call. We will discuss non-GAAP financial measures, and a reconciliation of GAAP can be found in the earnings materials on our website. On the call this morning are Devin Stockfish, Chief Executive Of