Upper Left Coast

Thoughts on politics, faith, sports and other random topics from a red state sympathizer in indigo-blue Portland, Oregon.

Thursday, March 13, 2008

Take $3,600 out of your pay and kiss it goodbye

That's how much residents of Washington County in Oregon would lose four years from now under the U.S. House budget resolution, according to an analysis by the Heritage Foundation released Tuesday.

The analysis factors in spending increases in the budget resolution, as well as the expiration of the 2001 and 2003 tax cuts (it factors in those expirations based on best-guess scenarios of how House Democrats will pay for their spending increases under their own PAYGO rules).

Those combined factors meant that four years from now, everyone in Oregon's First Congressional District would see an average annual tax increase of $2,107, and a $1,480 income decrease. That's the steepest impact in the state of Oregon (though below the national average of roughly $3,800 per person). House District 5 is close behind at $3,525 per person, while the remaining districts are all in the $3,200 range.

So if David Wu is your U.S. representative, and if the House budget resolution becomes law, your paycheck in 2012 will be $300 lighter every month. Think you'll get enough raises between now and then to keep your wages at 2008 levels? Me either.

Oh, and by the way, it also projects 12,000 lost jobs statewide, and a $1.2 billion hit on the state economy. Won't that be fun for state budgets?

But that's nothing compared to our neighbors across the Columbia. Residents of Washington House District 3 would say sayonara to almost $4,100 every year (and those poor suckers in Washington House District 8 would lose another $1,000 on top of that), and the state as a whole will lose 21,000 jobs and take a $2.4 billion economic hit.

But hey, the Democrats are looking out for the little guy.

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  • At 3/13/2008 1:41 PM, Blogger OregonGuy said…

    And they cannot, just cannot see how this could happen.

    All they are doing is asking the rich to pay their fair share.

    Which, sadly, is increasing.

    I guess it's the price we need pay to produce the Vision. (This is about a Vision, isn't it?)

  • At 3/24/2008 3:23 PM, Anonymous Anonymous said…

    Yeah... "The Vision of the Annointed." - Thomas Sowell


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