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Oregon: Ideas for two new taxes on the table to close $1.8 billion deficit

The state of Oregon is one that has been taking unique steps as it grapples with deficits and increasing economic inequality. For instance, we recently described the first-in-the-nation surtax on CEO compensation that Portland’s City Council passed on December 7, 2016. Before that, we explained Measure 97 on the November 2017 ballot that would have removed the cap on corporate gross sales tax and imposed an additional 2.5 percent tax on corporate gross sales that exceed $25 million. Had it passed, Oregon would have had the highest top rate in the nation. And earlier last fall, we addressed an initiative that gave eight states, including Oregon, federal grants to test new ways to fund transportation infrastructure. Under the Surface Transportation System Funding Alternatives, Oregon was to receive $3.6 million.

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