SALEM, Ore. – Democrats in the Oregon legislature are offering up more details of their plan to raise an additional $275 million for the upcoming budget. High-income earners and some businesses would pay more under the proposal, which was released Tuesday.
Democratic leaders say under their plan, less than five percent of Oregonians would pay more in taxes. The increases are aimed at households earning more than $250,000. Those taxpayers would be able to claim fewer deductions and exemptions on their tax returns.