To the editor:
On Saturday, Oct. 3,the Better Oregon campaign kicked off its signature drive to place an initiative measure on the Fall 2016 ballot.
The measure will raise the corporate minimum tax on large corporations.
This will compel corporations to pay their fair share to support Oregon’s schools and human services. Oregon’s current minimum income tax for corporations is just $150.
Oregon currently has the lowest corporate tax rate and the third-largest school class sizes in the nation. Oregon’s graduation rate is one of the lowest in the nation and the school year is one of the shortest.
In the past 10 years, small school districts like District 21 in The Dalles have reduced programs like art, music, library, and PE, cut dozens of staff and lost hundreds of hours of classroom instruction.
The Better Oregon campaign seeks to raise corporate income taxes to a 2.5 percent tax rate on earnings over 25 million dollars and raise the corporate minimum tax. This measure will not increase taxes for workers, farmers, small businesses and small industries.
If we really do want a better Oregon, profitable companies doing business in Oregon need to pay their fair share to support the true costs of doing business in Oregon.
Better Oregon volunteers, who are also your friends, family and neighbors, will be gathering signatures in the next months to qualify the Better Oregon initiative for the November 2016 ballot.
I encourage you to find out more at http://ouroregon.org/priorities/a-better-oregon and to support our schools by adding your signature to the ballot initiative petition.