Income of Oregon’s ultra-rich sets new record
Before the arrival of COVID-19, the richest Oregonians had set a new record in terms of their yearly income haul.
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Income Inequality in Oregon Notched New Record Prior to COVID-19 Crisis
Before the COVID-19 pandemic upended the economy, the income of Oregon’s ultra-rich had set yet another record. In 2018, the year with the most recently available data, the average income of the richest 0.1 percent — the top one-tenth of 1 percent — rose to more than $5 million, the highest ever.
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Latest economic forecast confirms need for more federal relief
A key takeaway from the latest Oregon Economic and Revenue Forecast, presented to Oregon lawmakers yesterday, is this: Additional federal aid is crucial to avoid a deeper, longer recession.
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A Labor Day wish for a strong safety net
After months of uncertainty and economic turmoil unleashed by the pandemic, it is tempting to yearn for a return to normal. It is easy to look at our past economy with rose-colored glasses.
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Most Oregonians used stimulus check to buy food
Two-thirds of Oregonians who received a federal stimulus check used some of the money to buy food, newly released Census data shows.
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Lawmakers break promise to students rather than block tax cuts for the rich
“Unfortunately, due to budget cuts, your Oregon Promise Grant has been revoked.”
That’s the notice sent to about 1,000 Oregon students recently, following the Oregon legislature’s decision to cut $3.6 million in tuition assistance for students planning to attend community college. Now, with classes set to start, these students must scramble to figure how to pay for college.
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Legislature fails to spare children facing hardship
The recently-concluded special session of the Oregon legislature was not so special for families suffering extreme hardship.
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A Portrait of Poverty in Oregon
Before the coronavirus (COVID-19) spread to Oregon, poverty afflicted all corners of the state. More than one in 10 Oregonians lived below the federal poverty line before the coronavirus economic crisis.
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Protect TANF families from cuts: Letter from the TANF Alliance to the legislature
Protecting Oregon’s most vulnerable families with children must be a top priority for the legislature.
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Millionaires don’t need more tax breaks. Will the Oregon legislature give them more next week?
There is no good time for a new tax break for millionaires, but especially not during the worst economic crisis in nine decades, a time when so many Oregonians hang by a thread. And yet Oregon’s rich — a predominantly white club — are on course to cash in new tax breaks, unless the Oregon legislature blocks them.