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Kicker, capital gains bills hit roadblock

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High Five
Tuesday, May 10, 2011

Two Senate bills regarding changes to Oregon's kicker tax rebates and capital gains taxes have been detoured to a Senate committee.

The bills to put half of kicker rebates into a rainy day fund and cut capital gains taxes were detoured by order of Senate President Peter Courtney.

Sometimes, such detours occur when it becomes clear that a bill doesn't have enough support to win a floor vote. That's not the case this time, said Sen. Ginny Burdick, D-Portland, a chief sponsor of the kicker proposal and chair of the Senate Finance Committee.

"When it passed out of my committee, it had the votes," Burdick said Monday. "But sometimes things get more complex than that."

The combo of kicker reform and capital gains reductions has been controversial from the getgo at the Capitol. Despite bipartisan support in committee, many Republicans don't like the idea of messing with the kicker, which returns money to taxpayers if state revenue exceeds projections by 2 percent or more.

Read more at OregonLive.com.

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