Measure 66 and 67 Just The Facts?

I just got pro Measure 66 and 67 in the mail today; too bad, they are choosey what facts are shown.

How about the facts proponents are living out are leaving out. 

Fact:

Among its other features, Measure 67 will increase the fee to incorporate most businesses from $50 to $100. But there is an exception. If the business is already incorporated in another state, then its owners must pay, not $100, but $275 for the privilege of transacting business in Oregon. 

Fact:

In a bad economy with unemployment at 11.1%+ the legislators added $3,400,000,000.00 in new spending. Instead of just tightening their belts or leaving spending flat, they chose to raise job-killing taxes. 

FACT:

Among its other features, Measure 67 will increase the fee to incorporate most businesses from $50 to $100. But there is an exception. If the business is already incorporated in another state, then its owners must pay, not $100, but $275 for the privilege of transacting business in Oregon. 

FACT:

            The rich can move to Washington State, no income tax equals no tax money to pay for 3.4 billion in new spending. 

LIE:

For C corporations, the corporate minimum income tax will be about one-tenth of one percent of total sales inside Oregon. Small businesses with sales less than $500,000 will also pay just $150. It is important to note that C corporations will pay either the new minimum or the profits tax, never both.

For C corporations, the 1.3% increase in the profits tax applies only to profits above $250,000. In 2013 the tax decreases; only a 1% increase will remain, and will only be applied to profits above $10 million.

http://defendoregon.typepad.com/files/faq-vote-yes.pdf 

Fact:

Measure 67 is a tax on gross receipts (income before expenses and cost of sales) not a tax on profit (after expenses are deducted).

It replaces the current $10 corporate minimum tax for C-corporations with a permanent new tax on a company’s Oregon sales, as follows:

Fact The ultimate insult on the middle class:

Middle class laid off workers will not pay tax on the fist $2400 of unemployment compensation. Gee that swell Salem, give us a tax break on unemployment after your tax hike kills jobs.

 

Vote No ON 66 and 67

About Scatcatpdx

I am just an average Joe living in the People Republic of Portland Oregon. I was a Republican Precinct Person for Washington County, and campaign volunteer. Now I re-registered as an independent. Politically I am a Libertarian with philosophy close to Objectivism. I am a bible believing Christian who is Calvinist and Reformed in my theology and Anglican in worship and practice. My other interest are music (classical and world), drawing, and Fury Fandom, I consider myself a furry lifestyler.. I am a Ham Radio operator

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