House Bill 2281 reduces General Fund revenue by $101.3 million in 2003-05 by modifying the formula that Oregon uses to determine how much of a multi-state corporation’s income is subject to Oregon’s corporate tax. This proposal, which adopts a “single sales factor,” was analyzed in a previous study by OCPP, House Bill 2281B and the […]
“In Oregon, where the women are strong and the men are good looking, the typical taxpayer is about half-average.” While the average kicker under SB 963-A (the bill that passed the Senate today that will take the federal Medicaid Upper-payment Limit funds out of the kicker calculation) will be $142, the typical taxpayer — the
The 2001 Kicker, an update Read More »
News Release A report released today by the Oregon Center for Public Policy (OCPP) finds that a proposal which alters Oregon’s corporate income tax apportionment formula will deliver large tax cuts to a few companies, but will generate few jobs and will not help the economy. According to the report, House Bill 2281B, which adopts
Report Shows Tax Bill Squanders Revenue and Will Not Improve the Economy Read More »
More than 100,000 working households in Oregon are poor. Thousands more experience considerable hardship from housing problems, food insecurity, and the lack of health insurance, even though they make more than the absurdly low official federal poverty level. This was true at the height of our hard-charging economy of the late 1990s, and it is
Taking Responsibility for Low Wages Read More »
Federal aid to Oregon state and local government under the Bush Administration’s proposed budget will fall short of meeting current spending needs according to a new study released today. The news comes on the heels of a report by state economists released last week that shows state generated revenues will not meet needs in the
Executive Summary The future of state General Fund revenues and federal discretionary spending in Oregon is not bright. The May Oregon Economic and Revenue Forecast projects state General Fund and lottery revenues for the next biennium will fall some $600 million below current spending needs, and over the next two biennia the resources available will be less
Dim and Dimmer: Forecasts of State Revenues and Federal Discretionary Spending in Oregon Read More »
If the amount of Oregon income taxes collected exceeds the state economists’ projections (from a forecast two years prior) by two percent or more, the entire excess is returned to the taxpayer. Individuals receive a refund check; corporations receive a tax credit. This policy is commonly called the “kicker” or the “two-percent kicker.” Below is
Distributional Analysis of the 2001 Oregon Kicker Read More »
News Release While backers of President Bush’s tax cut proposal point to the average tax cut, new data released today by the Oregon Center for Public Policy shows that the typical Oregonian will get much less, and 23 percent of Oregonians will get nothing. One percent of Oregonians will reap about 40 percent of the
I’ll bet that everyone who works with the Legislature can name one or two legislators, from either party, who are “poster children” for term limits. These exceptions, however, do not prove the rule. Term limits, designed to limit the power of incumbents, have instead created a churn of inexperienced legislators and increased the influence of
Throwing Good Legislators After Bad: Legislative Term Limits Read More »
By most measures Oregonians are paying the same share of their income in taxes as they were paying almost twenty years ago. In 1999, all state and local taxes were equivalent to 10.2 percent of Oregon’s income. This measure of effective tax rate declined over the last ten years, and has fluctuated between 10 and
Clearing the Air on Tax Day Read More »