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On January 17, 2026, the state of Oregon made a significant move towards increasing its revenue by approving a new tax plan. The plan, which was proposed by Governor Kate Brown and passed by the state legislature, aims to generate additional funds to support various government programs and services.Under the new tax plan, several key changes were implemented in various areas of taxation. One of the major changes includes an increase in the corporate income tax rate from 7.6% to 8.2%. This move is expected to significantly increase the revenue generated from businesses operating in the state.Additionally, the plan also includes adjustments to personal income tax rates for high-income earners. Individuals with an annual income above $250,000 will now face a slightly higher tax rate, while those earning less than $250,000 will see no changes to their tax rates.Furthermore, the state has also introduced a new tax on e-commerce sales, aimed at capturing revenue from online retailers. This tax is expected to generate significant revenue for the state as more and more consumers turn to online shopping.Governor Kate Brown has hailed the new tax plan as a necessary step towards ensuring the financial stability of the state's budget. In a statement released after the plan was approved, Governor Brown said, "This new tax plan will help ensure that Oregon has the resources needed to fund essential programs and services for our residents. We must all do our part to contribute to the well-being of our state."The approval of the new tax plan comes after months of intense debate and negotiations in the state legislature. Lawmakers from both parties ultimately came together to pass the plan, with bipartisan support for the measures.Overall, the new tax plan in Oregon is expected to have a positive impact on the state's revenue and help support key government functions. With these changes now in effect, state officials are hopeful that Oregon's financial outlook will improve in the coming years.