Latest / Seattle News Today | 2 Min News | The Daily News Now!
Oregon Economy Surprises with Tax Boost | Seattle News
Oregon’s economy is quietly powering ahead, with state revenue soaring nearly $600 million above projections—thanks mostly to surging personal income taxes that offset a corporate tax dip. Economists credit rising wages, not new jobs, for the boost, signaling a rebound after years of lagging growth. Yet, while the numbers look solid, many Oregonians still feel the pinch from inflation and shrinking federal aid to programs like Medicaid and food assistance. Complicating matters, corporate tax shifts tied to federal law changes have disrupted the state’s “corporate kicker” program, which once…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.