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Oregonians to Lawmakers: Close the Con-way Tax Loophole

Some 1,500 Oregonians have signed a petition asking Oregon lawmakers to close a tax loophole used by some corporations to get around the state’s corporate minimum tax, allowing them to pay nothing in income taxes.

The tax loophole is costing the state about $40 million in lost revenue in the current budget cycle, according to state officials.

“Oregonians know that it’s wrong for profitable corporations to pay no income taxes, especially when Oregon children sit in overcrowded classrooms and college students face unaffordable tuition,” said Chuck Sheketoff, executive director of the Oregon Center for Public Policy.

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We're Hiring a Policy Analyst

The Oregon Center for Public Policy is hiring a Policy Analyst. We seek someone with strong quantitative and analytic skills and the ability to communicate information effectively to diverse audiences to join OCPP's professional staff.

Read the job description

iconIssues in Focus

What's the Federal Poverty Level for 2014? The federal government has released the 2013 Federal Poverty Income Guidelines, better known as the "federal poverty level." Oregon uses the guidelines to determine eligibility for some public assistance programs, such as the Oregon Health Plan. See the new guidelines.

Oregon's economic performance. If economic growth alone determined the well-being of a state’s inhabitants, all Oregonians would be thriving. Relative to the rest of the nation, Oregon’s economy has performed exceptionally well for over a decade. See these seven charts.

Income inequality in Oregon. The past three decades in Oregon, as elsewhere, are in large measure a story of surging income inequality. As the income of the fortunate few at the top has soared, the income of most Oregonians has stagnated or declined. If many Oregonians feel that they are struggling to keep up or falling behind, it is because they are. See these seven charts.

Visit our View of the State of Working Oregon to learn more.

See more issues in focus.

fact that matters iconFact that Matters

In the 2013-15 budget cycle Oregon will lose an estimated $164.9 million in revenue collections as a result of single sales factor apportionment -- a tax break that benefits multi-state corporations with a significant payroll and property in Oregon. That amount represents a $35 million (27 percent) increase from the cost of single sales factor apportionment in 2011-13. Read more.

 

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The Oregon Center for Public Policy does in-depth research and analysis on budget, tax, and economic issues. Our goal is to improve decision making and generate more opportunities for all Oregonians.

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