Oregon voters are being asked to vote yes on Measure 97 because it would raise enough money to dramatically meet the state’s medical, educational and infrastructure needs. Those asking us to vote no claim the tax on corporate profits is unfair because it affects some types of corporations very differently than others. And that’s patently unfair.
Some polls show Measure 97 going down in flames, leaving the state falling into a vat of red ink. And voters won’t pass a sales tax – some for good reason. Sales taxes rise and fall with the economy. And they’re shouldered disproportionately by the poor.
The most stable form of taxation is the income tax. Even in hard economic cycles, 90% of adults are still working.
So, what to do?
The Oregonian and OPB just took a stab at the complexity of the issue. Click here.