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Oregon Center for Public Policy Opposes Grand Bargain


The Oregon Center for Public Policy finds several flaws, including shrinking revenue in future budgets.

 

Chuck Sheketoff is with OCPP.

 

"We're not a fan of it because the tax package has diminishing returns.  The huge tax cut goes primarily to the wealthiest.  And the amount of revenue will go down significantly in the next two budget periods."

 

The legislation claims to raise 189 milllion in new revenue to help pay for 200 million in new investments in education, but those revenues shrink to 50 million in the 2015 to 2017 biennium and to 25 million during the 2017 to 2019 biennium.  That's a 87 percent revenue drop.


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