Tuesday, September 24, 2013

The 2013 special session to raise $244 million in proposed new taxes!

If Gov. John Kitzhaber gets his way, some big changes could be coming to Oregonians' pocketbooks. Taxpayers currently may claim a $183 exemption credit for themselves and each dependent. Under the proposal, the credit would be eliminated for individuals earning more than $100,000 or couples earning more than $200,000. It's a small change, but eliminating credits for dependents means it would impact large families most, said Rep. Vicki Berger R-Salem. "If we don't do something about it it's just going to increase exponentially," said Sen. Ginny Burdick, D-Portland. "As with any deal, it's a sausage-making process," said Rep. Jules Bailey, D-Portland. Life is Like A Box of Chocolates; You Never Know What You Are Going To Get.
www.oregonlive.com/politics/index.ssf/2013/09/2013...river

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