Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Coyotl

(15,262 posts)
Tue Apr 9, 2013, 09:45 PM Apr 2013

Oregon lawmakers aim to raise $275 million in taxes on wealthy, corporations

Source: Oregonian online

SALEM -- Oregon Democrats want to tax high-earners and corporations to fill a $275 million hole in their proposed state budget.

Under the plan, individuals with taxable incomes of $125,000 or more and couples with joint incomes of $250,000 or more would be subject to a limit on income tax deductions, similar to federal tax rules. Those same taxpayers would also see a reduction or elimination of their personal exemption.

Corporations would face a higher minimum payment. The bill also targets loopholes that allow corporations to move money to off-shore "tax havens."

House Speaker Tina Kotek, D-Portland, and Rep. Peter Buckley, D-Ashland, the chief budget writer for the House, rolled out the plan Monday afternoon.

Read more: http://www.oregonlive.com/politics/index.ssf/2013/04/oregon_lawmakers_aim_to_raise.html



Funding schools, yes that's a necessity.
6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Oregon lawmakers aim to raise $275 million in taxes on wealthy, corporations (Original Post) Coyotl Apr 2013 OP
It's nice to see my state do what should be done on a national level, Nika Apr 2013 #1
Yippy Skippy! Left Coast2020 Apr 2013 #2
Good. And I hope it makes the Richie Riches scream in pain. kestrel91316 Apr 2013 #3
I hope they do it here! bhikkhu Apr 2013 #4
States need to begin with corporate taxes. It's time for them to pay their LuckyLib Apr 2013 #5
In Oregon, the corporate share is way down from historical levels. Coyotl Apr 2013 #6

Nika

(546 posts)
1. It's nice to see my state do what should be done on a national level,
Tue Apr 9, 2013, 10:08 PM
Apr 2013

propose in a meaningful way a plan that raises taxes on this who can well afford to pay their fair share of the tax burden we all have to deal with as citizens of this state and country.

Left Coast2020

(2,397 posts)
2. Yippy Skippy!
Tue Apr 9, 2013, 10:09 PM
Apr 2013

Now if that Bill Sizemore moron keeps his nose out of the issue, the state will be that much better--in terms of keeping schools running. Hell, I think it was measure 5 or 8 that passed cutting $$ to OSU and U of O in late 80's. Cut friggin funding for my program and hit the community colleges especially hard...LCC, Linn Benton, etc. I hope they can pass this. Should have done it after Mr. O was elected.

bhikkhu

(10,708 posts)
4. I hope they do it here!
Tue Apr 9, 2013, 10:48 PM
Apr 2013

and I really wish I made enough to be affected - I'd be happy to pay. But I've got a long way to go. I only know a couple people in my area that make that much (though that won't will stop anyone in this R-leaning town from complaining about it!).

LuckyLib

(6,814 posts)
5. States need to begin with corporate taxes. It's time for them to pay their
Tue Apr 9, 2013, 11:50 PM
Apr 2013

fair share, "Corporations would face a higher minimum payment. The bill also targets loopholes that allow corporations to move money to off-shore "tax havens." Yes!

 

Coyotl

(15,262 posts)
6. In Oregon, the corporate share is way down from historical levels.
Wed Apr 10, 2013, 01:32 AM
Apr 2013

Time to restore the balance.

Latest Discussions»Latest Breaking News»Oregon lawmakers aim to r...