SALEM, Ore. (AP) — Democratic leaders in the Oregon House said Monday that their plan to raise more tax revenue would target corporations and wealthy individuals.
Speaker Tina Kotek and Rep. Peter Buckley, the House Democrats’ budget chief, said their plan would limit the amount an individual can claim in tax deductions on a graduated scale beginning with individuals earning at least $125,000 and households earning more than $250,000. Those same taxpayers also would be eligible for a smaller share of the personal exemption — a $183 tax credit for every individual on a tax return.
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