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Oregon
President Obama’s tax plan would allow portions TOTAL EMPLOYMENT
of the 2001 and 2003 tax cuts to expire, resulting in Annual Change in Jobs
steep tax hikes beginning in January 2011 for small
2011 2015 2020
businesses and those earning $250,000 or more. 0
The tax hikes would significantly affect the economy
in Oregon, most notably in the number of jobs and –2,000
change in personal income.
of Oregon would:
• Lose, on average, 8,742 jobs annually. –6,000
• Lose, per household, $3,301 in total disposable
personal income.
–8,000
• See total individual income taxes increase by
$4,995 million.
–10,000
–$50 $600
–$100 $525
–$150 $450
–$200 $375
–$250 $300
–$300 $225
–$350 $150
–$400 $75
–$450 $0
2011 2015 2020
–$417.77
Source: Heritage Foundation calculations based on the IHS Global Insight U.S. macroeconomic model, and data from the U.S. Census Bureau and U.S.
Department of Labor, Bureau of Labor Statistics.