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Home / Oregon Lawmakers Eye Income Tax HikeOregon Lawmakers Eye Income Tax Hike
Last Updated on Tuesday, 12 May 2009 12:50 Written by rslcpol Tuesday, 12 May 2009 12:50
From the Dalles Chronicle:
A plan to increase state income taxes on upper- income earners is expected to bubble to the surface in the coming week as Oregon lawmakers get their latest dose of dismal news in a new state revenue forecast.
Friday’s forecast is expected to show the state’s budget shortfall climbing toward $4 billion. It will rev up efforts by Democratic lawmakers to fill some of the hole with new tax revenue to keep schools and prisons open and protect human services programs.
Other proposed taxes are in play as well, including higher corporate taxes along with increases in beer, cigarette and gasoline taxes.