News & Insights
State of Play
Today, Oregon lawmakers once again received news that government revenues are continuing to boom, adding nearly $4 billion in total resources since the end of the last long session in 2021. In the latest revenue forecast, lawmakers were told to expect $427 million in combined new resources since the March forecast to spend during the 2023 session. Additionally, personal income taxpayers throughout the state will receive another historically high kicker credit of $3 billion.
Oregonians are unhappy with the status quo but do not associate blame with their incumbents at the end of the day. That was the key takeaway from last night’s election, where incumbents and the establishment mostly triumphed over candidates presenting themselves as outsiders. Up and down the ballot, from city and county races to the gubernatorial and congressional races, primary voters largely anointed the establishment class as their champions.
Three-in-five Oregonians say their state taxes are too high, according to a new poll commissioned by Oregon Public Broadcasting released on April 21. The poll, conducted by DHM Research, also reveals that 40 percent of voters believe the state spends too much on public services and should reduce taxes, which is a nine percent increase for the same question in less than a year.
On March 31, Idaho Governor Brad Little (R) signed into law H.B. 677, a bill aiming to protect Idaho businesses from out-of-state tax authorities collecting tax on commerce occurring within the state’s territorial borders. The measure squarely aims at Oregon’s corporate activity tax (CAT), enacted in 2019 as a new business tax to fund investments in public education, and an aggressive enforcement position from Oregon’s Department of Revenue (the “Department”). It passed the legislature without a single dissenting vote in either chamber.