Property tax statements for Lane County homeowners are being mailed out this week. But several lawmakers warn the Trump tax plan will negatively impact Oregonians.
Tuesday in Eugene U.S. Representative Peter DeFazio spoke out against the federal tax plan signed into law by President Donald Trump. DeFazio says it will hurt Oregon and add to the nation’s deficit. The democrat says the $10,000 cap on state and local tax deductions will increase the individual tax burden.
“Up to 200,000 Oregonians will pay more in federal income taxes this year and that totals near $3-billion dollars,” says DeFazio. “That’s $3-billion that will be drained out of the pockets of Oregonians.”
Mayor Lucy Vinnis says Eugene voters have approved a number of bond measures to pay for schools, parks and road improvements, which in turn increases property taxes. But she says the Trump tax plan threatens that level of support.
“Their capacity to support measure after measure is strongly influenced by their ability to deduct these additional costs from their taxes,” says Mayor Vinnis.
Next month Eugene voters will decide on a $319-million bond measure for schools. It would increase property taxes by about $135.00 a year for the median homeowner.