The May Economic and Revenue Forecast has been released under a new, modernized model that -- according to Oregon Senate Leadership -- lacked explanation, but indicated record revenue. If accurate, the Personal Kicker for the 2023-2025 Biennium is up to an estimated $5.5 billion and the Corporate Kicker an estimated $1.8 billion.

House Republican Leader Vikki Breese-Iverson (R-Prineville) said, “This morning’s revenue forecast revealed a few things -- Oregon’s funding is secure for the time being, our workforce is slowly returning to pre-pandemic levels, and we expect the kicker to be rightfully returned into the hands of hardworking Oregonians. But while the State of Oregon is doing well, I want to ask my fellow Oregonians -- are you?”

“It should be no surprise that the revenue derived from Oregon’s Corporate Activity Tax is up, which also means Oregonians are paying more for everything as a result. Oregon is effectively incentivizing businesses not to come here, while family businesses are shutting down because the cost of doing business is simply too great.”

“Despite the detrimental impact of the CAT Tax on businesses, Democrats have shut down any potential conversation around tax cuts to reduce the size of government. House Republicans will continue to advocate for fiscal responsibility, a lower cost of living, and the viability of our business community.”

A D V E R T I S E M E N T

A D V E R T I S E M E N T

“Oregon families are on track to receive the largest Kicker return they have ever received. Republicans trust Oregonians with their tax refund, their children, and their families. Meanwhile, Democrats want government to spend your money and parent your children,” said Senate Republican Leader Tim Knopp (R-Bend).

“Senate Democrats must come to the table in good faith, abandon their uncompromising, unlawful, unconstitutional agenda, and allow us to participate in floor sessions. Senate Republicans have been clear that we are willing to pass substantially bipartisan budgets and bills that comply with the law.”


--Staff Reports

Post Date: 2023-05-17 16:27:38

Last Update: 2023-05-17 17:06:57