Oregon could miss out, lose money on federal tax overhaul

Oregon faces a loss of $217 million in the two years after the overhaul goes into effect.

Posted: Mar 30, 2018 4:32 AM

SALEM, Ore. (AP) - President Donald Trump's federal tax overhaul is a short-term boon for most states, but one is set to miss out entirely: Oregon.

Instead of a bonus, Oregon faces a loss of $217 million in the two years after the overhaul goes into effect, the largest of any state that has revealed its predictions. Democrats created a plan to avoid losing hundreds of millions of dollars, but Republicans are using it to try to make political inroads in this deep blue state.

The Democratic-controlled Legislature passed the proposal after a bitter argument, but it is still awaiting action weeks later from Gov. Kate Brown, who has expressed hesitation about the plan from her own party.

She faces re-election, and Republicans said the divisive proposal is one of their main tools against her.

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