MEMBERSERVICES
Hunt and Hanna talk taxes – for and against
Hear what Oregon Speaker of the House Dave Hunt (D) and House Republican Leader Bruce Hanna (R) each have to say about Ballot Measures 66 & 67 at the Thursday morning, November 12 Eggs ‘N Issues Breakfast. Both sides of the two issues will be discussed and those attending may ask questions.
This legislation enacted in the 2009 session, which will increase corporate minimum taxes and personal income tax on high earner households, is being challenged at a January election.
Measure 66 deals with the increased tax on income at and above $250,000 for households, $125,000 for individual filers. It also eliminates income taxes on the first $2,400 of unemployment benefits received in 2009. The increased taxes are estimated to raise $472 million to maintain funds currently budgeted for education, health care, public safety, other services.
Rejection of the tax changes would retain the status quo and it is estimated would reduce funding currently budgeted for education , health care, public safety, other services by estimated $472 million.
Measure 67 deals with the increases in the state’s current $10 corporate minimum tax, establishing $150 minimum tax for most businesses or minimum tax of approximately 0.1% of total Oregon revenues for some corporations with over $500,000 in Oregon revenues. Legislators estimate it will raise $255 million to maintain funds currently budgeted for education, health care, public safety, other services.
On the ballot a yes vote retains the tax measures; a no vote rejects the tax measures.
Hear these great state legislators November 12 at a breakfast meeting to be held at Rivershore Restaurant, 1900 Clackamette Dr., Oregon City (across from Oregon City Shopping Center). Breakfast serving begins at 7:30; program begins at 8 am and concludes at 9 am. Reservations at $12 for members and $17 for non-members may be made on line or by calling the Chamber office at 503-654-7777.
Speaker of the House
Dave Hunt
Republican Leader
Bruce Hanna