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Considered to have been liberal, Pierce pushed for the establishment of a statewide [[income tax]] and government-owned hydroelectric projects.<ref>[https://www.nga.org/governor/walter-marcus-pierce/ Gov. Walter Marcus Pierce]. ''National Governors Association''. Retrieved July 3, 2021.</ref> In 1923, he supported the Alien Property Act which sought to prevent Japanese immigrants from owning or leasing land.<ref name=oregonencyclopediabio/>
 
Considered to have been liberal, Pierce pushed for the establishment of a statewide [[income tax]] and government-owned hydroelectric projects.<ref>[https://www.nga.org/governor/walter-marcus-pierce/ Gov. Walter Marcus Pierce]. ''National Governors Association''. Retrieved July 3, 2021.</ref> In 1923, he supported the Alien Property Act which sought to prevent Japanese immigrants from owning or leasing land.<ref name=oregonencyclopediabio/>
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[[File:Walter M. Pierce bioguide picture.jpg|thumb|left|150px]]
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[[File:Walter M. Pierce bioguide picture.jpg|thumb|left|160px]]
 
Pierce lost re-election in 1926 to Republican Isaac L. Patterson by twelve points.<ref>[https://www.ourcampaigns.com/RaceDetail.html?RaceID=263434 OR Governor Race - Nov 02, 1926]. ''Our Campaigns''. Retrieved July 3, 2021.</ref>
 
Pierce lost re-election in 1926 to Republican Isaac L. Patterson by twelve points.<ref>[https://www.ourcampaigns.com/RaceDetail.html?RaceID=263434 OR Governor Race - Nov 02, 1926]. ''Our Campaigns''. Retrieved July 3, 2021.</ref>
  
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