Senate kills tax bills

The Oregon Senate failed by one vote to pass tax increases.

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Senate Democrats failed to pass bills that would have raised taxes on businesses and well-off residents. The bills needed one more vote to make the 60 percent majorities needed.

Budget-balancing increases in personal and corporate income taxes stalled Wednesday in the Oregon Senate when Democratic leaders failed to muster the 60 percent majorities required to pass them.

After a corporate income tax increase failed by one vote, the Senate shelved the two bills – but could take them up again in the same form as early as today.

House Bill 3405 failed on a 17-12 vote. Sen. Mark Hass, D-Beaverton, joined 11 Republicans in opposition; one Republican was excused.

Read the full article in the Statesman Journal.