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Oregon state legislators are busy working to pass bills that they hope will generate $800 million income tax dollars from wealthy individuals and corporations.
The personal income tax bill would impose higher tax rates on households with taxable income above $250,000 along with single filers whose income tops $125,000. Supporters think they can raise about $500 million over two years, but that’s only if economic realities don’t get in the way. (more…)
Listen to Todd’s testimony on this audio file
at 1:30:01-1:33:34 and response from Representative Bailey at 1:35:38-1:38:48.
HJR 48 would propose an amendment to the Oregon Constitution allowing the Legislative Assembly to impose taxes on carbon emissions for the purpose of funding reductions in carbon emissions and carbon fuel use. HJR 48 would refer the proposed amendment to the people for their approval or rejection at the next regular general election.
This bill is entirely unnecessary and could impose significant costs on Oregonians while providing no environmental benefit. (more…)