faithful_servant
DP Veteran
- Joined
- May 18, 2006
- Messages
- 12,533
- Reaction score
- 5,660
- Location
- Beautiful Central Oregon
- Gender
- Male
- Political Leaning
- Very Conservative
This has become one of the most argued measures I can remember. The Pro 97 side has been pushing it as a way to fund schools, healthcare, seniors while making "big business" pay it's share. The Pro side is not only lying, but blatantly lying. Oregon law forbids tax bills that dedicate monies to specific needs without a Constitutional amendment. It portrays Oregon as having the lowest corporate tax rate in the country, yet that's only true when looking at one metric and ignoring all others. When you look at the whole picture, Oregon is right bout in the middle of the pack. They claim that it only impacts 1% of Oregon businesses, yet that 1% represents a very substantial portion of Oregon's economy. It's a 2.5% sales tax on sales over $25,000,000 so any low margin/high volume businesses are going to get screwed hard. It's also a cumulative expense, so if an Oregon business is buying from another Oregon business, the customers are going to get hit with a 5% increase. To make matters worse, John Kitzhaber (the Democrat's darling in Oregon) has come out opposing it.