We think the Kicker is Oregon’s very worst tax policy. And it’s stuck in the Constitution, thanks to the Republicans who referred it to the voters 24 years ago. As one of you recently wrote, “no one, including the highest paid people in Wall Street, can accurately predict the state of the economy two years in the future.” I’ll add that “even someone living solely on Social Security will struggle to accurately predict their income for the coming two years.”
It’s hard to believe we’ll be getting nearly 45% of our taxes back because the growth of the economy wasn’t accurately anticipated.
This recent OPB article is one of the best summaries on the Kicker I’ve read.
I learned two notable things I didn’t know. Give it a read, and see what you learn.
And here’s where you can calculate your kicker. To what organization will you donate it?