Killing Jobs with Tax Increases

Steve BucksteinCascade Commentary

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Summary: The looming campaign to approve or reject two new legislative tax increases will be spirited and probably heated. What voters believe these new taxes will do to jobs very well could be the deciding factor in the January 26, 2010 special election, where both measures will be decided.

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Astoria Tea Party Hears from Cascade Policy Institute

Steve in Astoria
On Saturday, September 12, Cascade Policy Institute founder and Senior Policy Analyst Steve Buckstein [center photo] spoke to an enthusiastic crowd of about 80 people from the courthouse steps in Astoria. The event was one of hundreds of such “9-12” events around the country, including a massive rally in Washington, D.C.

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Two Job-Killer bills threaten to destroy 100 TIMES more jobs than Oregon’s so-called “stimulus package” will create

Steve Buckstein

CORRECTION of media release dated June 24, 2009

The state recently announced that its $176 million “stimulus package” has created or saved 3,236 jobs in the first three months, spending about eight percent of the money to date. But an Associated Press analysis now finds that those jobs only provided an average of 35 hours of work apiece. When converted to full-time jobs over a year, the number of jobs shrinks to just 54. Once all the funds are spent, assuming the same rate of job creation, the AP analysis finds that it will have created or saved the equivalent of just 688 full-time jobs for one year.

What the state still hasn’t told citizens is that Oregon risks losing one hundred times as many jobs if two “anti-stimulus” tax bills take effect. 

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Oregon could add 20,000 new jobs at no cost to taxpayers if Congress will end the federal estate tax

Steve Buckstein

For Immediate Release
Contact: Steve Buckstein
(503) 242-0900 or steven@cascadepolicy.org

 

Portland, Oregon, July 15, 2009 – Oregon could add some 20,000 new jobs at no cost to taxpayers if the federal estate tax were repealed, according to a new analysis by Cascade Policy Institute.

The estimates are based on research by the former director of the nonpartisan Congressional Budget Office, Douglas Holtz-Eakin. The research was conducted for the nonprofit American Family Business Foundation (AFBF), Washington, DC. 

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The City Council’s Expensive New Toys

Stephan BurklinQuickPoint!

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Portland’s Rose Quarter is like that small-scale battery-operated car your parents gave you for your fifth birthday. It provided amusement, provoked envy and secured your happiness for a full two weeks; but now it sits abandoned in your family’s basement.

If Portland were a single-family home, then Pioneer Square would be its living room, Tom McCall Waterfront Park its front lawn, and the Rose Quarter its unsightly basement.

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John A. Charles, Jr. responds to The Port of Portland unanimous vote to enter into an Air Service Development Agreement with Delta AirlinesJuly 8, 2009

John A. Charles, Jr.
Today the Port of Portland voted unanimously to enter into an Air Service Development Agreement with Delta Airlines. Under the terms of the agreement, the Port of Portland will pay Delta a service retention fee in the amount of $3.5 million in exchange for Delta’s commitment to continue daily nonstop service between PDX and Tokyo, Japan, from September 1, 2009 through May 31, 2010.  This program is also available to any other air carrier willing to commence new daily nonstop service between PDX and Asia, so it creates an open-ended liability for the Port. If 7 other airlines sign up for the same deal, then presumably the Port would have to pay out $24.5 million, regardless of whether it actually has the money and regardless of whether PDX needs the service.

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The Great Taxation of ’09

Sarah Ross
QuickPoint!

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With the recent dismissal of the Oregon legislative session, Oregonians have ended up with three things: taxes, taxes, and more taxes. The legislature raised taxes by over $1 billion this year by increasing the income tax on the wealthiest Oregonians and by raising the corporate income tax. Legislative leaders have claimed that these tax burdens on the state’s job creators will help create long-term jobs throughout the state. In reality, the loss of Oregon jobs and businesses is apt to be unfathomable.

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