HB 2713: New income “surtax” pays for lawmaker slush fund

By Taxpayers Association of Oregon
OregonWatchdog.com

State Representative Paul Evans, in addition to him submitting two statewide property tax bills, has also submitted an income tax “surtax” with HB 2713.

House Bill 2713 summary reads:

“Digest: The Act imposes new income taxes and takes revenues that would go the Rainy Day Fund, to help the state plan for disasters. (Flesch Readability Score: 66.1).
Imposes a surtax on personal income tax liability. Imposes an Oregon personal alternative minimum tax. Establishes the Resiliency Requirements Fund. Establishes the Shaky Day Fund. Directs the proceeds of the income tax surtax and the alternative minimum tax to be used for funding resiliency. Modifies the formula for transfer of a percentage of the General Fund ending balance to include a transfer to the Shaky Day Fund, in addition to the transfer to the Rainy Day Fund.”

State politicians grew the State Budget by 20% last time, and had no room to fund earthquake prevention, so now taxpayers will be asked ot pay more taxes — which put Oregon among the highest taxed places in America.