Mayoral Candidate Explains the Revenue Projections Behind His Millionaire Tax Idea

Portland Mercury:

Portland mayoral candidate David Schor last week made news with his announcement that, if elected, he'd propose a citywide tax on Portland's millionaires.

In the interview with KGW, Schor said he thought the tax could generate up to $200 million a year and said he'd use the revenue to build as many as 10,000 public housing units in the first five years the tax was collected.

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