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“Swimming in Cash”
Republicans Set Priorities For Excess Tax Revenue

According to the Oregon Office of Economic Analysis, Oregon is swimming in money. After devastating lockdowns that have resulted in the highest long-term unemployment rate in nine years, the state still brought in billions over projection, indicating that calls for federal bailouts for state governments were overblown

This will trigger one of the largest kicker refunds in state history at $1.4 billion. That’s enough to give every individual in Oregon $330, despite Democrat book cooking to keep some of the kicker.

“Money is coming out of our ears. This one-time dump of federal money needs to be used responsibly. We must first ensure taxpayers get their full Kicker. That money belongs to them, and there is no justification to take it from them,” Senate Republican Leader Fred Girod (R-Lyons) said.

After the kicker, the Legislature has a little over a month to appropriate an extra $1.182 billion this budget cycle. Today’s announcement also projects the state to bring in an extra $1.250 billion in the 2021-2023 biennium.

“This money should be directed to Oregonians' most pressing needs. We must fully fund and fully reopen our schools, invest in our workforce, and assist in wildfire recovery efforts,” Senator Girod said.

Senate Republicans are proposing the following allocations from excess revenue that has come into the state:

--Staff Reports

Post Date: 2021-05-19 18:28:44Last Update: 2021-05-19 18:38:04



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