Archive for the 'Rainy Day Fund' Category
No Rainy Day Fund from the House
I received two emails at 4:12 today. Here’s the headline on the one from House Republican Leader Wayne Scott:
HOUSE REPUBLICANS SUPPPORT RESPONSIBLE RAINY DAY FUND; BRING PLAN TO HOUSE FLOOR FOR VOTE
House Democrats Reject Plan on Party-Line Vote
And here’s the headline on the one from House Majority Leader Dave Hunt:
HOUSE REPUBLICANS FAIL TO COMMIT TO OREGON RAINY DAY FUND
All House Republicans vote against saving for Oregon’s future, Democrats vow to press ahead on ballot measure referral
What’s clear is that there was a sharp, party line disagreement in the House today. This is what they had to say about the vote at Oregonlive:
Democrats and Republicans each backed slightly different plans to divert this year’s corporate kicker rebate into a new state rainy day fund — and refused to give a single vote to the other party’s plan, dooming both.
To pass, a plan to put the corporate kicker into savings needed a two-thirds majority, or 40 votes, in chamber where Democrats have a slight edge with 31 members.
With three Republicans absent Tuesday, the chamber cast three party-line votes:
26-31 against the Republican plan to cancel $240 million in kicker rebates, 26-31 against a plan to send the bill back to committee in hopes of finding bipartisan compromise and 31-26 in favor of the Democrats’ plan to put the entire $275 of corporate rebates into savings.
The House spent more than two hours debating the difference between the two plans — a difference that might have escaped many voters.
The upshot was that the Democrats were unable to build a supermajority to get the corporate kicker changed by lawmakers, as Gov. Ted Kulongoski and a coalition of the state’s leading business associations had urged.
Because the House couldn’t come to an agreement, it is likely that voters will be faced with the Senate’s plan: asking the people to vote on taking the corporate kicker in the May election.



