SALEM -- Democrats in the Oregon House are releasing more information about their plan to raise tax revenue from wealthy individuals and businesses.
House leaders on Monday said their plan would target individuals earning more than $125,000 and households earning at least $250,000. They'd also eliminate a cap on the corporate minimum tax.
The House Revenue Committee is scheduled to discuss the proposal Tuesday. Democratic leaders have proposed raising $275 million in additional revenue over the next two years to help balance the state budget.
They'll need at least two Republican votes in the House and Senate to reach the three-fifths majority required to raise taxes.
GOP leaders say they'll support a tax increase only if Democrats back steeper pension cuts for public employees.
A Democrat-backed pension-cutting plan is scheduled for a vote in the Senate on Thursday.