Friday, January 15, 2010

Measures 66 & 67

Here is a little more information to help you make a decision which way to vote on Measure 66 & 67 here in Oregon.

Historical General Fund Revenue At the bottom of this page you will see a spreadsheet showing how much money comes from what sources in Oregon. Historically we are looking at 80% to 88% of our state money coming from Income Taxes.

Here is a flow chart explaining Measure 66 - Chart
Here is a flow chart explaining Measure 67 - Chart

Measure 66:
If you feel like raising our income tax for the top 30% of income earners will help the over all financial health of our state vote yes. If you believe there are other options then just raising taxes and only on the top earners, then vote no.

Measure 67:
First off I am in agreement that the Corporate tax in Oregon should be fixed. Now we have to decide if 67 is a fix or not.

If you believe a small tax increase on LLCs, Partnerships and S Corporations and a larger increase on C Corporations is good decision for the financial health of our state vote yes.
If you believe Oregon Businesses will simply move that cost down the line, at the cost of jobs and higher prices for consumers then vote no. Even if you agree that it should be fixed and do not like how this has been written, then vote no.

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