Oregon’s economy is only working for large corporations, not our state’s working families. Oregonians are working harder than ever but are taking home less: The average Oregonian is getting paid $1,000 to $2,000 less today than they were in 2002.1 At the same time, corporate profits have risen by 170%, and they just reached a new record high last quarter.
While profits soar, corporate taxes in Oregon continue to lag our neighboring states and the rest of the country. Oregon has the country’s lowest corporate taxes. This has resulted in a lack of resources for schools, healthcare, and other critical human services.
Initiative Petition 28 will allow us to finally make the critical investments Oregonians deserve. It addresses the long-time problem of corporations avoiding paying their fair share in our state. Oregon shouldn’t have the country’s lowest corporate taxes — we can’t afford it. This is our chance to make game-changing investments in Oregon.
The full text of the measure can be found here:http://oregonvotes.org/irr/2016/028text.pdf