Home Must Reads Oregon Democrats release tax plan

Oregon Democrats release tax plan

| Print |  Email
Must Reads
Wednesday, April 10, 2013

The Oregon Legislature released a $275 million tax increase plan that would fall on the top 5% of taxpaying households.

75% of the increase would come from single Oregonians with incomes over $125,000 or couples with earnings over $250,000.

The other new revenues would come from removing the cap on state corporate taxes for roughly 235 companies with annual Oregon-based sales exceeding $100 million, and requiring conglomerates with headquarters in “tax havens” to pay state taxes on profits derived from Oregon sales.

Democrats argue that the tax increases are needed, along with their cost-curbing proposal for public employee pensions, to equitably achieve their goal of state government spending $6.75 billion on K-12 schools over the next two years.

Read more at The Register-Guard.

{biztweet}oregon tax{/biztweet}

 

Comments   

 
Guest
+1 #1 Democrats tax planGuest 2013-04-10 19:08:30
Democrats still want US to pay for their mistakes and mis-management of affairs. The only equitable solution would be for all Oregon debt holders INCLUDING pensioners to go into a bankruptcy write down of the debt to match the money the tax payers are willing to spend, and then make every increase require a vote from the taxpayers to approve of higher taxes.
Quote | Report to administrator
 

More Articles

True Blood

October 2014
Thursday, September 25, 2014
BY JOE ROJAS-BURKE

Antibiotics really aren’t magic bullets.


Read more...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Healthcare Perspective

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

A conversation with Majd El-Azma, president and CEO of LifeWise Health Plan of Oregon, followed by the Healthcare Powerlist.


Read more...

Shifting Ground

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

Bans on genetically modified crops create uncertainty for farmers.


Read more...

I Know How You Feel

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Most smartphones come equipped with speech recognition systems like Siri or Cortana that are capable of understanding the human voice and putting words into actions. But what if smartphones could do more? What if smartphones could register feeling?


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