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Oregon’s corporate tax measure is a big deal. Here’s why.
Oregonians face a big decision this fall, as they consider how to vote on a $3 billion corporate tax measure that could reshape the state’s finances and the future of government services.
Measure 97 would charge certain C corporations a 2.5 percent tax on their gross annual sales in Oregon above $25 million. State economists estimated the tax would raise at least $6 billion for every two-year spending cycle, a 33 percent increase in tax revenue from the state’s current $18 billion general fund budget.
By Hillary Borrud
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City Club of Portland report suggests support for $3 billion corporate tax measure
A City Club of Portland http://www.pdxcityclub.org/ research committee recommended the group support a $3 billion corporate tax measure headed to the ballot in November, in a draft report released early Wednesday.
By Hillary Borrud | The Oregonian/OregonLive
Full Story: http://www.oregonlive.com/politics/index.ssf/2016/08/city_club_of_portland_report_s.html#incart_river_index
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