Credit President for Oregon’s $300M revenue boom

By Taxpayers Association of Oregon
OregonWatchdog.com

Both the latest national economic report and the state economic report last week surprised everyone.

Nationally, it was estimated that the U.S. economy would only grow 50,000 jobs, when it turned out to be 110,000!   Home sales saw an 8-month high.

The national economic growth played a role in fueling the boom in income and business tax revenue here in Oregon.   This caused a $300 million surplus in estimated tax revenue.  That greatly helped close the gap from a previous reversal.

The economy is sending mixed signals and is more complex than we can deconstruct in this article, but the truth remains that this recent quarter saw unexpected job growth.  That is the result of the President’s tax-cutting and regulation reducing-actions.

— Please support our watchdog journalism of how your taxes are being spent. Make a donation at  OregonWatchdog.com  (learn about a Charitable Tax Deduction or Political Tax Credit options to promote liberty).

 

Share