Beyond Measures 66 & 67: What Do We Do Now?

8 Pages Posted: 5 Feb 2010

See all articles by Fred Thompson

Fred Thompson

Willamette University - Atkinson Graduate School of Management

Date Written: February 5, 2010

Abstract

A lot of people agree about what needs to be done to fix Oregon’s state finances, the real question is how? The surprising answer is that there is a fairly simple, cheap solution. The first step is to take the sales tax off the table. The second step is to take very seriously the proposal put forward by the Legislature's 2008 Task Force on Comprehensive Revenue Restructuring to achieve “virtual stability” by changing the way we forecast revenue and by amending our one-of-a-kind income tax kicker law. The third step would be to do something about removing the working poor from the tax rolls. The fourth step probably ought to include the creation of a special task force to take a look at local revenues.

Keywords: Oregon, Measures 5, 47, 28, 66, 67, income taxes, volatility

JEL Classification: H7

Suggested Citation

Thompson, Fred, Beyond Measures 66 & 67: What Do We Do Now? (February 5, 2010). Available at SSRN: https://ssrn.com/abstract=1548724 or http://dx.doi.org/10.2139/ssrn.1548724

Fred Thompson (Contact Author)

Willamette University - Atkinson Graduate School of Management ( email )

900 State Street
Salem, OR 97301
United States
503-370-6228 (Phone)
503-370-3011 (Fax)

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