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Update: April 29, 2011

Trade the Kicker for a Boot That Stomps on the Middle Class? No Thanks

Perhaps sensing that Oregonians are not in the mood to grant yet more tax breaks for the rich, some corporate lobbyists are offering a devil's bargain. They would back reform of Oregon's wrongheaded kicker law to create an improved rainy day fund only if they get a substantial tax break on their income from capital gains.

That would substitute one very bad spendthrift policy, the kicker, for another, a tax cut that would benefit the wealthy and speculators at the expense of the middle class.

Read the CenterPoints column Trade the Kicker for a Boot That Stomps on the Middle Class? No Thanks.

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