Sponsored by Forest Grove Economic Development
Home Must Reads Oregon lawmakers consider a sales tax

Oregon lawmakers consider a sales tax

| Print |  Email
Must Reads
Wednesday, December 05, 2012

Three Oregon politicians are saying it's time to add a 5% sales tax to the state's tax plan.

The three will push a plan in the 2013 Legislature that would use revenue from a 5 percent sales tax to make big cuts in income tax rates, provide property tax breaks and still raise an extra $1 billion a year for the state budget.

“If everybody’s tax burden stays the same and we can bring in $1 billion extra every year for education, that sounds pretty good,” says Sen. Mark Hass (D-Beaverton).

The idea is being pushed by Hass, Sen. Ginny Burdick (D-Portland) and Rep. Tobias Read (D-Beaverton). Hass and Read especially are feeling heat from constituents who say state funding levels are starving local schools. The Beaverton School District laid off more than 100 teachers this year.

Read more at Willamette Week.

{biztweet}sales tax{/biztweet}

 

Comments   

 
Guest
+1 #1 It must be magic!Guest 2012-12-05 20:50:15
“If everybody’s tax burden stays the same and we can bring in $1 billion extra every year"

DAMN...that does sound good!! Where, pray tell, will that "extra $1 billion" come from?...it must be some kind of magic or alchemy that allows politicians to make something out of nothing. In my experience they're much better at making nothing out of something!
Quote | Report to administrator
 
 
Guest
0 #2 You just don't understandGuest 2012-12-05 22:16:01
“If everybody’s tax burden stays the same and we can bring in $1 billion extra every year"
This means that if our state tax burden remains the same. The extra comes form the proposed 5% sales tax. Oh wait a minute... Isn't that more tax burden? Good grief, let's see how many more folks and businesses we can run out of the state. And, no matter how much more you throw at the schools, the education is still going to stink as long as you have the system in the hands of the unions. You know, like the CFT in California and the great video they just released, demonizing teh wealthy. You know those horrible people who have busted their buns, sacrificed long hours, and often their health to provide jobs and revenue for the state. Those evil rich folks. Wait a minute, don't they pay the majority of the taxes in this great country? So the dems can dole out more $$ to those individuals who choose not to work?
What a mess..
Quote | Report to administrator
 
 
Guest
0 #3 MeGuest 2012-12-05 23:54:42
YEAH....our elected reps do such a good job of managing our tax money....let's give them MORE!!!!
Quote | Report to administrator
 
 
Guest
0 #4 rdrGuest 2012-12-06 19:28:13
This is an important idea for Oregon's economic (not just school funding) health. Having the near-highest marginal income and capital gains rates in the US (which is high itself) drives business investment elsewhere (as does the terrible OR estate tax, which drives investors and entrepreneurs away). Some extra revenue would come from out-of-state purchases (e.g.at restaurants in Portland) by visitors and tourists. And in general, it is better to tax consumption than productivity, savings and investment.

The preceding three dumb knee-jerk responses suggest Oregon needs to get a lot smarter if it is going to be successful.
Quote | Report to administrator
 

More Articles

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY ERIC FRUTS | OB BLOGGER

Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS