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If higher corporate taxes fail to materialize – then their wealthy owners may have to pay up…..

Who benefits, who pays and at what level of burden?

With the failure of Measure 97 and the still looming unmet financial requirements for Oregon’s PERS retirement fund, all eyes and ears are on high alert to detect from where millions upon billions of dollars will come from to honor the state’s promise to its government retirees. To be sure, Oregon is not alone in this category of strained retirement funds. From New Jersey to California, governments have systematically not set enough funds to meet the retirement requirements set out in labor negotiated agreements.

A number of Oregon state lawmakers say the poor and middle class are tapped out – living paycheck to paycheck no longer the domain of the low income, clearly demonstrating THEY don’t have any surplus funds laying around.

So who should Oregon turn to? It’s becoming quite obvious that if you need to raise money get it from those who who are extremely well off – under the guise of “Those to whom much is given, much is expected.”

But of course many Oregonians would rather float a sales tax than see the rich pay higher taxes. Testy times we live in. Here’s the story in The Oregonian.

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