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Oregon is a great place to live, work and raise a family. But our future depends on our ability to balance the needs of our families and employers with the ever-increasing demand for more government spending.
Despite the fact that we have more tax money than at any other time in state history, Oregon currently has a 1.6 billion dollar budget deficit. It’s time for our leaders in Salem to prioritize government spending and find ways to make our hard-earned tax dollars go further, instead of looking for new ways to tax families and employers.
Priority Oregon supports public policies that will help grow our economy and create new family supporting jobs here in Oregon.
PRIORITY OREGON ISSUES
We want Oregon to be among the most competitive places in America to start, maintain and grow a business. With a personal income tax rate of 9.9 percent, our income taxes are among the highest in the nation and our current corporate income tax is 15th highest in the nation.
Government spending reform
Oregon doesn’t have a revenue problem, it has a spending problem.
In fact, Oregon’s tax revenue has increased 38% percent since 2011. That’s more than almost any other state, and the government is bringing in more tax money than any other time in state history. Oregon’s $1.6 billion shortfall stems from rapidly rising government spending –not a lack of tax revenues.
The answer is spending reform NOT higher taxes.
One of the biggest drivers of state spending and the budget shortfall is the Oregon Public Employee Retirement System (PERS). PERS offers government employees one of the most generous pension plans in the country. And Oregon is the only state that does not require all government employees to contribute toward their own retirement plan like the rest of us do. Our leaders in Salem need to reform PERS and bring spending under control before asking our families and employers for more money.
Oregon has some of the most stringent environmental and workplace regulations in the nation. That makes it harder for large and small employers, farmers and our families to stay in business and compete globally. We need our leaders in Salem to reduce the regulatory burden on Oregon employers.
Local Oregon businesses, especially manufacturers, depend on lower energy prices to compete in the global marketplace. For many Oregon employers, energy is the second biggest cost behind employee compensation. The U.S. Energy Information Administration recognizes that our manufacturing sector depends on affordable energy and so do our families and small businesses.