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Profitable Corporations Don't Need Oregon's Charity, So Stop the Kicker Spending

Submitted by Mike_Hiland on August 26, 2010 - 11:17pm

 

The latest revenue forecast once again confirmed the absurdity that is Oregon's costly spending policy commonly known as "the kicker."
 
In announcing that General Fund revenues for next biennium are down $622.5 million from the last forecast, the state economists also disclosed that we are on course to having the corporate kicker kick. We are on course to spend $42.3 million in a giveaway, mostly to profitable out-of-state corporations, in the next budget period.
 
No other state is planning to send unanticipated revenues from better-than-expected corporate profits back to the corporate boardrooms of out-of-state corporations while at the same time preparing to make cuts to education, public safety and human services.
 
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