Finance & Revenue
What’s the deal? Oregon is reversing course on its timber tax cut.
Why should we care about this? Know any organization that represents an industry to keep an industry benefit in place? States and cities are looking for revenue, and protectionist programs are in their vision among others. It gets better. Funding was also provided for state-funded Oregon Forest Resources Institute, annual budget of $4 million, worked to discredit climate research deemed harmful to the timber industry and appeared to skirt legal constraints against lobbying.
How can this impact me? A ProPublica investigation revealed that timber interests have benefited from tax cuts that cost counties at least $3 billion over the past three decades. Add in the research from the Forest Resources Institute.. Lots of fingers in lots of pots
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