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Democratic rivals tackle taxes

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High Five
Thursday, April 29, 2010

Democratic gubernatorial candidates John Kitzhaber and Bill Bradbury argued their positions on taxes and budget issues at a debate Wednesday night.

And while Kitzhaber pushed for introducing a sales tax or another option to reduce reliance on income taxes, Bradbury said he would instead cut income tax breaks by hundreds of millions of dollars.

Kitzhaber, who has pushed for a sales tax several times during his three decades in politics, said the state's heavy reliance on the income tax leads to huge drops in revenue every time the economy dips. He also expressed concern it could discourage business investors who don't want to pay the state's relatively high rate on capital gains and other income.

"The question is, do we want to broaden our tax base and what are our options?" Kitzhaber said. "Obviously a retail sales tax is one of the options, but there are a variety of other options as well."

Read the full story at OregonLive.com.

{biztweet}John Kitzhaber Bill Bradbury sales tax{/biztweet}

 

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j
0 #1 Please Institue Sales Taxj 2010-04-29 13:16:10
Yesterday, the Oregonian ran a front page article showing school aged teens "rallying" against budgets cuts, yet the author did nothing to point out the fact that teenagers have the highest level of disposable income due to no rent and little cost of living. If this group was taxed equally alongside the rest of us by taxing their purchases, they wouldn't need to "rally" (read: taking a day off of school) for money they otherwise have no due portion of. I for one am tired of such high income taxes, being a low paid single source of income for my family of four.
I will vote for any governor or representative that will enact a sales tax in lieu of such high income taxes.
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