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Oregon's per capita income has been sliding compared to the rest of the nation for more than a decade. The current recession is the deepest since the Great Depression, and will take years to come out of. These trends are hurting Oregon families and our budgets for public services like education. Of the dollars we do have available for public services, Oregon is spending more on Medicaid and Prisons and less on education. Over the next decade the aging baby-boomers and an increasingly diverse population will exacerbate these trends. Oregon is trapped in a "circle of scarcity." Breaking out of it is the most important task for Oregon's business, elected and community leaders today. The Oregon Business Plan proposes a three-part approach: 1. Redesign state budgeting and services to deliver more bang for the buck. 2. Reform the tax system to improve stability of revenues and incentives for economic growth. 3. Pursue a targeted "jobs" agenda to improve the business climate.
Oregon's per capita income has been sliding compared to the rest of the nation for more than a decade. The current recession is the deepest since the Great Depression, and will take years to come out of. These trends are hurting Oregon families and our budgets for public services like education. Of the dollars we do have available for public services, Oregon is spending more on Medicaid and Prisons and less on education. Over the next decade the aging baby-boomers and an increasingly diverse population will exacerbate these trends. Oregon is trapped in a "circle of scarcity." Breaking out of it is the most important task for Oregon's business, elected and community leaders today. The Oregon Business Plan proposes a three-part approach: 1. Redesign state budgeting and services to deliver more bang for the buck. 2. Reform the tax system to improve stability of revenues and incentives for economic growth. 3. Pursue a targeted "jobs" agenda to improve the business climate.
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