House Democrats on Tuesday announced they will back away from a proposal to cap charitable deductions contained in HB 2456. Democrats suffered major backlash from nonprofits and others since announcing the specifics of their $275 million tax increase a few days ago. After mounting pressure from local charities and several news reports and editorials criticizing their tax plan, House Democrats conceded and announced that charitable contributions would remain untouched.
“This is a real victory for non-profits in
HB 2456 is one of several tax increase proposals put forward by House Speaker Tina Kotek and the House Democrats this year. As currently drafted, the bill would limit all itemized tax deductions and has earned fierce opposition from the public.
“HB 2456 would result in less charitable giving for non-profit organizations – which means cuts in services to needy Oregonians,” Rep. Conger explained. “Considering that we have $1.7 billion more dollars in revenue compared to the last budget, I am not convinced any tax increase is justified this year, but even if it is HB 2456 is not the right way to raise money for state budget.”
Rep. Jason Conger is serving his second term in the Oregon Legislature and sits on the House Revenue committee, which is considering all of the tax proposals before the legislature. For more information, contact him at rep.jasonconger@state.or.us or 503-986-1454.
