Gov. Brown criticizes union threats aimed to force corporate tax increase
Source: Oregonian
Gov. Kate Brown said Thursday she does not approve of "threats" by Oregon's largest public employee union to oppose lawmakers' transportation plan if they don't also approve a corporate tax increase.
Brown told reporters it's not unusual for legislators and interest groups to insist that their legislation pass and threaten to tank other bills unless demands are met. But, Brown added, "I do not support those tactics."
"The priorities that I outlined need to move forward without regard to connections to other issues," Brown said, referencing bills that trim state government costs, raise health-related tax revenue and fix roads and bridges.
Leaders of SEIU 503, a powerful labor union representing most state employees, have pushed lawmakers to raise corporate taxes and insist that must be done in concert with other taxes and fees increases to fix roads, Melissa Unger, the union's political director, told The Oregonian/OregonLive earlier this week.
Read more: http://www.oregonlive.com/politics/index.ssf/2017/06/gov_brown_criticizes_union_thr.html
still_one
(92,411 posts)Igel
(35,359 posts)Slight increases just reduce profits a bit. That can affect what they do internally--pay increases, improvements, etc.
Larger increases reduce profits to the point that they reduce dividends. Most of the numbers we see for wealth are individuals. Some of the largest receivers of dividends are investment funds, where a lot of smaller investors put their $, and pension funds both public and private. This assumes dividends are being disbursed. If a company isn't profitable enough for dividends, or if it's too small, it may not even be able to easy accommodate a small reduction in profits without having to go to option 3.
The way to keep profitability, development and growth, or even survive, is to simply pass the taxes along to consumers. That may work; but it might also price the local or domestic company out of the market.
And you still have a split because the price increases may not be equally or equitably distributed over the product line. So some may wind up paying more and some less. We'd always like to think that we'd pay less and the wealthy would pay more, but it doesn't always work out that way. Economic justice and how 330 million people make decisions given the facts they have don't always follow any one person's idea of "social justice."
still_one
(92,411 posts)Maxheader
(4,374 posts)Belonged to the boilermakers for 8 - 9 years...solid.
Successful unions have smart people running things
and if they sniff another scotty walker type intrusion
into their business, they will take action...bless them.