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Wednesday, January 27, 2010
Oregon Takes a Stand
A state-wide voter referendum in Oregon has passed "handily" a tax increase on the wealthy and on corporations.
Oregon has not raised taxes on corporations since 1929. And this is the "first voter-approved statewide income tax increase since the 1930s."
In other words, in this traditionally anti-tax state, the people decided that the super-rich ought to pay a fair (or at least fairer) share of the burden.
We consider this a first rebellious shot by the squeezed middle class.
Oregon has not raised taxes on corporations since 1929. And this is the "first voter-approved statewide income tax increase since the 1930s."
In other words, in this traditionally anti-tax state, the people decided that the super-rich ought to pay a fair (or at least fairer) share of the burden.
We consider this a first rebellious shot by the squeezed middle class.
Labels: corporate power, income tax inequity, Oregon
Wednesday, August 13, 2008
The Common Good?
The GAO (Government Accountability Office, the investigative arm of Congress) reports that two out of every three U.S. corporations (and there are 1.3 million American corporations) paid absolutely no federal income tax from 1998 through 2005.
Labels: income tax inequity
