Oregon’s Economic Outlook Slips Again in 2012
by Steve Buckstein Monday, April 16. 2012
Hit hard by the national recession, Oregon lawmakers started the regular 2011 legislative session―and then the new shorter annual 2012 session―with calls to create jobs. By the time those sessions ended, little had been done to encourage job growth in the state. And virtually nothing was done to address the major factors that determine the state’s Economic Outlook, as identified by the national organization of fiscally conservative state legislators, American Legislative Exchange Council (ALEC).
Every year since 2008 ALEC has compiled and reported on the 15 policy variables influenced by state legislatures that appear to signal the economic outlook of the states. These variables are:
• Top Marginal Personal Income Tax Rate
• Top Marginal Corporate Income Tax Rate
• Personal Income Tax Progressivity
• Property Tax Burden• Sales Tax Burden
• Remaining Tax Burden
• Estate/Inheritance
Tax Levied?
• Recently Legislated Tax Changes
• Debt Service as a Share of Tax Revenue
• Public Employees Per 10,000 of Population
• State Liability System Survey
• State Minimum Wage
• Average Workers’
Compensation Costs
• Right-to-Work State?
• Number of Tax Expenditure Limits
by Steve Buckstein Monday, April 16. 2012
Hit hard by the national recession, Oregon lawmakers started the regular 2011 legislative session―and then the new shorter annual 2012 session―with calls to create jobs. By the time those sessions ended, little had been done to encourage job growth in the state. And virtually nothing was done to address the major factors that determine the state’s Economic Outlook, as identified by the national organization of fiscally conservative state legislators, American Legislative Exchange Council (ALEC).
Every year since 2008 ALEC has compiled and reported on the 15 policy variables influenced by state legislatures that appear to signal the economic outlook of the states. These variables are:
• Top Marginal Personal Income Tax Rate
• Top Marginal Corporate Income Tax Rate
• Personal Income Tax Progressivity
• Property Tax Burden• Sales Tax Burden
• Remaining Tax Burden
• Estate/Inheritance
Tax Levied?
• Recently Legislated Tax Changes
• Debt Service as a Share of Tax Revenue
• Public Employees Per 10,000 of Population
• State Liability System Survey
• State Minimum Wage
• Average Workers’
Compensation Costs
• Right-to-Work State?
• Number of Tax Expenditure Limits
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