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The growth in spending for this biennium will now be more than 14.5%, with the addition of the $190 million in new tax revenue How to find an individual? in this bill. As you know, the appropriation bill, to be considered later, spends all of that increase and more. 4.) For those who believe Oregonians are already over-taxed:This bill increases taxes by $190 million in this budget cycle alone and is retroactive to Jan. 1st. According to Legislative Revenue numbers it increases taxes by about $320 million over ten years, an average of about $32 million per year. 5.) For those who believe taxation should be equitable: a.) This bill does not reduce taxes; rather, it shifts the tax burden. b.) Over ten years, the bill takes about $1.55 billion more from certain taxpayers, gives about $1.25 billion more to other taxpayers, and keeps the balance for the state government to spend. c.) It takes about $220 million from middle-class C-Corps, such as doctors, dentists, attorneys, accountants, engineers and architects that are organized as professional corporations. d.) It takes about $400 in personal deductions from middle class families.

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