Tag: high taxes

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Higher Taxes, Less Business

By Cooper Conway

Joe Rogan, the outspoken commenter, comedian, and host, announced on a recent episode of his popular podcast, “The Joe Rogan Experience,” that he would be moving to Texas in search of less homelessness, less taxes, and a little bit more freedom.

Rogan will be bringing his business that recently signed a 100-million-dollar deal with Spotify, too. The move to the Lone Star state will save Rogan and his company over $13 million in taxes and provide more economic growth for the state that is the perennial winner of the Governor’s Cup for economic growth and job creation.

Unlike California, Texas has no income tax and frequently poaches businesses from the West Coast, such as Tesla, Charles Schwab, and McKesson.

Oregon, whose top income tax rate is slightly under California’s at 10 percent, should note the multiple businesses fleeing California for Texas and follow Texas’s tax policy lead instead of California’s.

Amid a pandemic, now more than ever is the time for economic development and job creation to flood Oregon, allowing Oregonians to succeed. The implementation of free-market solutions such as lower-income taxes will alleviate local business owners from the damage that COVID has done while allowing more Oregonians to rejoin the workforce.

Cooper Conway is a Research Associate at Cascade Policy Institute, Oregon’s free market public policy research organization.

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More Spending Won’t Solve Educational Woes

By Miranda Bonifield

Increasing funding to Oregon’s school system may seem like an admirable attempt to give all kids their best shot. But the answer to our never-ending quest to educate children isn’t blowing the budget; it’s smart spending. The most recent public school spending proposals fail to mention a potential source for the extra billion dollars per year in education spending they include—which would be compounded by Oregon’s extraordinarily expensive public pension plan. Raising Oregon’s already-high taxes to hire more teachers while promising pensions Oregon can’t deliver is a recipe for disaster.

EdChoice recently published a study of the fiscal impacts of American school choice programs and found that American taxpayers saved about $3,400 for every school voucher that’s been awarded. In addition, public schools no longer have to educate the student who decides to participate in a school choice program, automatically shrinking the class size of the school she would have enrolled in.

Education Savings Account programs allow parents to withdraw their children from their assigned public schools and use some of the funding for the education of their choice. An analysis of such a proposed program in Oregon found that an allocation of $4,500 per participating student would result in a net savings of $6 million per year. I don’t know about you, but I think that sounds much better than a billion-dollar tax increase.

Miranda Bonifield is Research Associate at Cascade Policy Institute, Oregon’s free market public policy research organization.

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