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U.S. Rep. Cliff Bentz, R-Ore., said Wednesday that the nation’s spending on Medicaid programs is unsustainable, and he urged patience as Republicans in Congress formulate their plan to dramatically reduce spending on the health care program.
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The state's latest economic and revenue forecast includes some heartening news but plenty of caution.
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Humboldt County voters may approve an increase to the hotel tax this June. County supervisors are trying to figure out how to spend the additional funds.
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In what has practically become a ritual, the latest quarterly revenue forecast for Oregon shows tax receipts are exceeding expectations. That likely means more money coming back to taxpayers.
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Oregon economists continued to deliver optimistic news about the state’s budget picture on Wednesday, announcing they expect more than $700 million more in tax revenue than they projected only a few months ago.
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Democrats say the tax on billionaire assets would help pay for President Biden's social spending bill.
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The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks.
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The global investigation sheds new light on how the world's wealthy use a network of lawyers and financial institutions to obscure their finances from authorities, their creditors and the public.
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If the projections hold, the refund — which takes the form of credits on 2021 tax returns filed next year — would be Oregon’s largest-ever kicker.
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Legislators cut taxes for the owners of Oregon’s private forests, which helped fund university forest scientists. Now taxpayers will pick up the tab.
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Gov. Gavin Newsom and First Partner Jennifer Siebel Newsom made $1.7 million and paid $712,000 in state and federal taxes in 2019. His campaign says state law requires recall challengers to release their returns.
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Progressive lawmakers in California are pushing for an ambitious wealth tax on the ultra-rich, but moderate Democrats have chafed at the idea.
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Lobbyists claim the timber industry is "up against the ropes." Here's what they're not saying: Lumber prices are at record highs and profits are soaring.
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The latest forecast from state economists show tax revenues are expected to come in far higher than anticipated.