Beyond Measures 66 & 67: What Do We Do Now?
8 Pages Posted: 5 Feb 2010
Date Written: February 5, 2010
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: Suggested Citation