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Oregon Democrats Unveil Plan to Close Trump Tax ‘Loopholes’, Reduce Budget Deficit
Oregon lawmakers aim to recapture $342 million lost to federal tax cuts by disconnecting three provisions, expanding Earned Income Tax Credit and creating a new business tax credit.
- Oregon Democrats proposed disconnecting the state from three federal tax breaks in Trump's 'One Big Beautiful Bill Act' to raise $342 million in the current biennium and reduce the budget deficit.
- The plan would increase state earned income tax credits for lower-income taxpayers by about 45%, costing $26 million.
- The proposal aims to reclaim funds by ending the capital gains tax cut for some investors and the state auto loan interest deduction, yielding $39 million and $36 million respectively.
11 Articles
11 Articles
Oregon Dems propose partial split from federal tax code, preserving $291 million for state - Ashland News - Community-Supported, NonProfit News
The proposal to split from three provisions of the new federal tax code also includes new state tax credits for job creation and for low-income residents By Alex Baumhardt, Oregon Capital Chronicle To prevent the state’s budget from hemorrhaging nearly $1 billion in revenue under federal tax changes during the next two years, Oregon Democrats in the state Legislature are proposing a strategy to selectively disconnect parts of the state’s tax cod…
Oregon Democrats unveil plan to close Trump tax ‘loopholes’, reduce budget deficit
Two key Oregon Democrats on Monday unveiled a plan to increase state revenue by dropping several state tax breaks copied from President Donald Trump’s sprawling tax-and-spending law passed last year.
Oregon Capital Chronicle
Oregon Dems propose partial split from federal tax code, preserving $291 million for state
Sen. Anthony Broadman, D-Bend, speaks on the Senate floor on Thursday, June 26, 2025. Broadman is among Oregon Democrats proposing to selectively disconnect from parts of the federal tax code that, if applied fully to Oregon's state tax code, could leave the state with nearly $1 billion less revenue than expected during the next 18 months. (Photo by Laura Tesler/Oregon Capital Chronicle)To prevent the state’s budget from hemorrhaging nearly $1 b…
Oregon Democrats float plan to reclaim state money lost to Trump tax cut bill
Statehouse Democrats say Oregon stands to lose an unacceptable amount of money because of tax cuts contained within H.R. 1, the so-called One Big Beautiful Bill Act, passed by Congress last year.
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