Big Win for Oregon Yesterday – Big Loss for Corporations

Currently, Oregon charges a FLAT TAX on all forms of businesses that reside within the state of Oregon.  Arguably, an obscene amount of tax – yet, the Republicans still hated it. How small? Are you sitting down?

TEN DOLLARS PER YEAR

The Republicans tried their almighty best to frighten everyone into believing that taxes would go through the roof if these measures passed.  The ads were incredible. But people ignored them, anyway.

Yesterday, Oregon voters passed “yes” on Measures 66 and 67, which allows for an increase on taxes for corporations that reside within the state.  Actually, it is a small tax increase on all forms of businesses that reside within the state.

And now with this increase in the flat tax rate, the annual amount will jump from ten dollars to… (drum roll, please)

ONE HUNDRED and FIFTY DOLLARS PER YEAR

That’s it — $150 is all Oregon businesses will have to pay.  And it’s a FLAT TAX.  That’s  .41 cents per day.  And it has no bearing on how big or small you are.  Large corporations will pay exactly the same as a small mom and pop business.  Frankly, large corporations should be paying WAY MORE than that obscenely amount.  Especially compared to the even more obscenely low rate of $10 per year (which is bank-busting rate of… .02 cents per day).  And they complained about that, too.

But is there any celebration by the neocons on having to pay so little? Of course not.

One right wing idiot said on the radio that “Republicans will work even harder to reign in out-of-control spending.” Like? “.excessive benefits given to employees for child care.” (uhm.because taking care of employees’ kids is simply not a good idea.???) and my favorite “.wasteful spending on energy saving windmills.”.

And they really do wonder why they’re so unpopular in this part of the country.