If you want something cheaper than GoreTex, then you might consider LL Bean's TEK2.5 fabric. They have both a jacket and pants in this waterproof breathable fabric. It is about 2/3 the price of their lower end GoreTex products. They also come in Tall sizes.
Trail Model Rain Jacket $89 for Tall sizes:
http://www.llbean.com/llb/shop/68624?feat=509723-CL1&page=trail-model-rain-jacketSee the link on the above page for the pants too ($79 in tall sizes).
One great thing about buying from LL Bean is that everything is guaranteed, period. They also provide free shipping out (and back if returning). They have great customer service too.
I carry an earlier version of this jacket in my Go Bag. I have been using it for about 10 years.
My great grandfather wore LL Bean boots while working as a lumberman in northern Maine.