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Telfer Supports Kicker Law Overhaul

Oregon Senator Chris Telfer says she's ready to give bipartisan support to legislation that will reform the Tax Rebate – or ”Kicker Law”:   "First of all, I support returning money to taxpayers that is above and beyond what the state budgeted for. The problem I’m having with the margin of error, so to speak, that 2%, is that the budget is based on the budget is based on the revenue forecast. The last 14 of the last 16 forecasts have been in error. And so it's really hard. 2% is a very small margin." Telfer says she also wants to reform the budget projections so try to get them closer in line. Also tying those dollars to higher education is a win-win situation. She also wants to cap the kicker amount. The Kicker Law requires that is either the States' corporate or personal income tax revenue is a two year budget cycle is higher than two percent, anything over that will be returned or "kicked back" to the taxpayers. Telfer says her stance may not please some of her constituents, but it is the right thing to do.

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