CARES Act tax cuts for wealthy spur Oregon effort to remove cuts in state tax code

Produced by: 
KBOO
Air date: 
Thu, 01/14/2021 - 5:30pm to 5:45pm

 

In December, the U.S. Congress voted to extend the CARES Act. Besides supporting local governments, providing relief for small businesses, and distributing stimulus checks, the CARES Act carries three federal tax cuts for the nation's highest earners. Some in the state legislature are concerned about what those tax cuts would mean for Oregon's revenue, and want to disconnect Oregon's tax code from these three tax cuts. 

The effort is being spearheaded by Oregon State Senator Jeff Golden. He spoke with KBOO's Ethan Sandweiss about how the federal stimulus has failed small businesses, and why these tax cuts are wrong for Oregon. 

 

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