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1 Jack Mountjoy & Joseph Henchman, The Dam Bursts in the Beaver State: Oregon's Wave of Tax Increases and New Spending 1 (2009)

handle is hein.taxfoundation/ffbhfxz0001 and id is 1 raw text is: FISCAL FOUNDATIONF SA July 2009FACT No. 175 The Dam Bursts in the Beaver State: Oregon's Wave of Tax Increases and New Spending By Jack Mountjoy and Joseph Henchman Introduction Staring at a multi-billion dollar budget shortfall, Oregon state legislators recently approved more than $1 billion in tax increases. Most of the new revenue will come from higher tax rates on personal income. But the legislature's Democratic majority was not content with mere budget patching, instead pushing through large new spending programs and more taxes to fund them. Higher taxes on gasoline and vehicle registration will fund new transportation projects, while new taxes on hospitals and health insurers will be used to expand the state's health care program. And although proposals to raise sin taxes failed to pass, including an astronomical 1,800% rise in the beer tax, legislators did manage to approve a tax increase on all non-cigarette tobacco products. All of these new tax provisions await Governor Ted Kulongoski's (D) assured approval, but their ultimate fate may rest with the people of Oregon. If citizen groups can collect enough signatures to challenge the legislation, a statewide vote early next year could send lawmakers scrambling back to the chambers to rethink the state's fiscal future. Top Personal Income Tax Rate Leaps to Highest in the Nation With the passage of HB 2649, Oregon's high-income earners will find themselves sending a

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