Rep. Elmer: On latest revenue forecast

House Republican Leader Lucetta Elmer Responds to May Revenue Forecast
BY Oregon Hosue Republican Leader, Representative Lucetta Elmer,

SALEM, Ore. — House Republican Leader Lucetta Elmer (R-McMinnville) released the following statement in response to the quarterly revenue forecast:

“The recent revenue forecast, once again, reflects a concerning economic trend brought on by pro-regulation, anti-business policies coming out of Salem.

Revenue may be up on paper, but that is not the same as real economic growth. It is up because the majority party raised taxes on Oregonians by disconnecting from federal tax relief, not because Oregon families and employers are thriving. Without the $368 million in new taxes raised this past session, Oregon would be down $23 million.

As a State, we need to take a hard look at the consequences of our policies for Oregon’s economic outlook. Despite concerns raised by Democrats, the national economy continues to grow. If we don’t want Oregon to be left in the dust, we must embrace innovative local and federal policies that can renew Oregon’s competitive business environment.

Every new regulation and tax passed by the legislature makes it harder for Oregon businesses to compete with national and international competitors. This discourages aspiring innovators and entrepreneurs from considering launching or moving operations to Oregon. In fact, the warning signs are clear: when families, employers, and entrepreneurs look elsewhere, Oregon lawmakers should listen. Change is not only necessary, it is inevitable if we want Oregon to prosper.”