Democrats' Tax Plan Falls Flat In Salem
April 25, 2013, 8:52 am
A Democratic plan to raise $275 million by boosting taxes has failed to win enough votes in the Oregon House. Lawmakers instead approved a Republican plan that would bring in $20 million by closing an offshore tax loophole for some companies.
KXL political analyst Jim Moore calls it a moderate setback for House Speaker Tina Kotek. He says its made bigger by the fact she predicted two days ago that she had the votes. Moore says the Democratic tax plan is not dead yet. It now heads to the Senate and may be patched together to sell it back to the House.