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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
Question for Mr Dudley:
As part of your 26-point plan on your campaign web site, one point is "Find It to Fund It". This requires that funding for new programs must involve ending an existing program or demonstrate equivalent cost savings of the new program. This sounds like a good idea.
Will you promise to do the same with any tax cuts you propose? To provide a similar revenue-neutral plan for tax cuts, you must estimate the tax revenue loss to the state, and cut existing state expenditures by the same amount.
It is simply not enough to hand-wave how tax cuts will stimulate business, grow jobs and thereby increase state tax revenues. [At 9% income tax rate, there's a fairly low state revenue return on every tax cut dollar.]
Will you promise to pursue this same approach? If not, why not? The risk here is that while state budget expenses will not grow, state revenues will shrink, which will continue to expand the Oregon budget deficit.
posted 2 years, 7 months ago
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