Businesses working together to Build a Better Oregon
Oregon’s small businesses and working families are working harder than ever and are taking home less. During the last decade, the majority of Oregon workers, our customer-base, saw their incomes decline by $1,000 to $2,000 a year, while corporate profits skyrocketed.
We’re working hard and paying our taxes, but many out-of-state corporations pay lower taxes here than in any other state. Oregon has the lowest corporate taxes in the country. That’s largely because most corporations pay only minimum taxes, and those taxes are low! Most pay only $150, and the biggest out-of-state corporations pay minimum taxes equal to only 2 cents for every $100 in sales.
Some of the world’s largest corporations make tens of millions of dollars from the business they do in Oregon, but contribute very little to help pay for the services they use, like our roads, public safety, healthcare and schools.
When corporations don’t pay their fair share of taxes, small businesses and working families are left with the responsibility of supporting our communities. The results of this are felt in every community, every day: Young children aren’t getting the childcare and early education they need; our schools have been cut to the bone; and we now have the third-largest class sizes in the country. What’s more, services for seniors have been cut, and our health care costs are skyrocketing.
That’s why The Main Street Alliance of Oregon has joined A Better Oregon, a coalition of parents, teachers, small businesses, leaders and organizations, to make sure we get the schools and services we need by making large and out-of-state corporations pay their fair share in taxes. A Better Oregon is circulating Petition 28 for a 2016 ballot measure to increase the corporate minimum tax for the large and out-of-state businesses whose Oregon sales exceed $25 million each year. This will ensure that big and out-of-state corporations do their part to fund the schools and services that will make Oregon thrive, while levelling the playing field for Oregon’s small businesses.
I/We support this measure!