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|Friday, June 12, 2009|
News that the Oregon Senate passed two bills to raise almost $1 billion in revenue simply reinforces the conclusion that when it comes to taxes, especially business taxes, this state is clueless.
The new tax increase is the proverbial good news/bad news. The good news for small business especially, is that the tax is designed to effect individuals making more than $250,000 a year, and large corporations. Indeed, Senate majority leader Richard Devlin specifically stated that “This legislation protects the middle class by ensuring that households making less than $250,000 a year will not pay any additional taxes and it protects small businesses by focusing the increase on large corporations.”
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