OREGON HOUSE REPUBLICANS
FOR IMMEDIATE RELEASE
February 15, 2011
Contact: Nick Smith
HOUSE REPUBLICAN LEADER COMMENTS ON
MARCH 2011 REVENUE FORECAST
“Oregon’s economic and revenue forecast shows weak job growth and declining business tax revenue. Despite all the optimism inside the Capitol, Oregonians aren’t satisfied with a jobless recovery. It’s the Legislature’s responsibility to find new policies to strengthen our private sector and help create jobs.
“The House Republicans’ 2011 Jobs and Reform Agenda offers our ideas to promote job growth and a better business environment. Our proposals provide small businesses new incentives to hire unemployed Oregonians, as well as to make Oregon more competitive in a global economy.
“Contrary to the previous forecast, state economists are no longer expecting a corporate kicker. This is a reminder that we shouldn’t rely on the kicker to replenish Oregon’s Rainy Day Fund. The state’s constitutional kicker law didn’t create Oregon’s budget crisis, and repealing or weakening unforeseen kicker refunds won’t deliver long-term stability. To re-build the Rainy Day Fund, the Legislature must set money aside and reform the budgeting process to make state spending more sustainable.”