THIS JUST IN: Oregon's poorest 1-in-5 residents pay the highest share of income in taxes of any group. The top 1% pay a lower rate than many Oregonians. Our state and local tax system worsens inequality. #orpol#orleg https://t.co/KGacISLvgK
NEW: 1 policy change can boost state tax revenues by nearly $19 billion by cracking down on corporate tax avoidance.
Worldwide combined reporting eliminates corporations' ability to shift income to subsidiaries in other states & countries. https://t.co/9s9FPvQR1h
FTC action stops H&R Block’s unfair downgrading practices and deceptive promises of ‘free’ filing.
Proposed settlement would require company to pay $7 million for consumer redress and make changes for consumers in tax filing seasons 2025 and 2026: https://t.co/3lk2QKUoqV
@tdmrussell Not going to lie, Ranch at 10 threw me a little. I know it's ineligible, but I'd think Ruse in Vancouver would be above Ranch for the style. Still delicious!
Credit where credit is due. With all of the wild "best pizza in the universe" claims going to places in Portland, this ranking wins - Apizza reigns, Scottie's is incredible, Red Sauce ranked high! And some great new spots for me to try. @tdmrussell nailed it
Congress has no more excuses for not providing government-funded child care, says @keds_economist, after a new study suggests the payoff may be as much as $5 for every $1 spent https://t.co/6enMsEiSd4 via @opinion
@Atlas198723 Here is one of many papers I've written on taxing corporations: https://t.co/8srxzZKdNG. Also, I helped create the Oregon Kids Credit, sending $40m this year to families with kids <6 who make <$30k. I spend my life trying to tax corps to help struggling families. Wrong tree.
When it comes to worker protections in Oregon, getting laws on the books isn't the problem. Enforcing them is, says the Bureau of Labor and Industries in a new report. The agency is planning an ambitious budget ask in 2025 to improve enforcement. More:
https://t.co/2WJR6d9S0r
@trappercreek @OCPPnews I'd certainly encourage the legislature to modify M118 if it passes. But, that doesn't mean passing something that's poorly designed under the hope #orleg will fix it is a good idea.
@andersem Also, I think there are ways to focus those taxes to minimize regressive impacts. Ex: VMT rate varies based on income of driver/vehicle owner. Imperfect but much better than a flat rate. Ideally, also varies w/carbon impact and congestion pricing
@andersem It's a good point! Poor people shouldn't be exempt from paying for externalities, but they also shouldn't be taxed into destitution. How do we achieve both efficiently? I also think universal programs have a role, I just don't think they are a hammer and everything is a nail
@andersem The best way for an expensive, universal, program to work is by increasing taxes on the rich. Increasing the taxes enough to fund broad universal programs like childcare, housing, etc. would require a massive jump in rates I'm not confident a state can do, but the feds could.
@andersem Universal is easier at the federal level because they can increase taxes to a very high level with smaller risk to migration and economic impacts, run a deficit, print money, etc.
@andersem@OCPPnews Universal school meals avoid a very public and explicit stigma for children. The M118 rebate goes through the tax code, no one would know if you took the payment or not. It's also no less administratively efficient to means test - income is already required on the tax form