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Jun-09-2009 15:11TweetFollow @OregonNews Rural Oregon State Rep. Smith Openly Opposes Business Tax HikesSalem-New.comGreg Smith says he also supports logging tax breaks.
(87868786) - Representative Greg Smith (R-Heppner) voted against higher taxes on Oregon’s business community today. In separate legislative action, logging companies in Eastern Oregon and around the state will benefit from a measure Smith is negotiating. Smith said, “during these tough recessionary times, we need to help businesses survive. Higher taxes on companies mean less money to keep and hire workers or make new investments.” He continued, “I can tell you from running my own small business anytime taxes go up there is a spin-off effect on the surrounding community.” He opposed House Bill 3405 which raises the corporate tax to 8% up from 6.6% on companies with over $250,000 in company income. The measure also increases the corporate minimum tax up to $10,000 depending on annual sales. “The best way to help Oregon’s economy recover is putting people back to work, not discouraging job creation with higher business taxes.” Smith worked with legislative leaders to get House Bill 3112 moving through the House Revenue Committee which will expand the personal property tax on logging equipment. HB 3112 will soon be headed to the House Floor. “It is imperative to maintain the infrastructure of the forest products industry in rural Oregon. The health of rural communities is at stake as well as the health of our forests,” said Jim Geisinger, head of the Associated Oregon Loggers. “HB 3112 will give the logging industry a shot in the arm at a time when it is desperately needed. Representative Smith should be commended for advocating the interests of rural, natural resource dependent industries.” Farming equipment has been exempt from personal property taxes since the 1970’s. Logging equipment was exempt in 1999, but that law expires in 2012. Smith has been working with other legislators to extend that exemption to 2018 to help logging operators plan for the future. HB 3112 covers “environmentally sensitive logging equipment” including all equipment manufactured after 1992. Geisinger added, “family-owned logging companies are hurting worse than at any time in the history of the industry. HB3112 will provide desperately needed relief to assist logging companies to remain viable business entities in rural communities of Oregon.” He added, “to our industry, logging equipment is no different than a tractor is to a farmer. Much of it sits idle during the course of the year. It is used to harvest a renewable commodity resource. It should not be subject to personal property taxes.” Source: News release from Representative Greg Smith (R-Heppner) Articles for June 8, 2009 | Articles for June 9, 2009 | Articles for June 10, 2009 | Quick Links
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Corey Clearwater June 10, 2009 6:57 am (Pacific time)
Decades of empirical proof clearly show that cutting taxes, especially during a down economy, will help improve the economy and increase tax revenues. If one wants to see what happens when the opposite is applied, then just look to California, one of the largest economies in the world is over 20 billion in debt. They have about every kid of tax and fee you can think of and the end result cannot be spinned, it is chaos. Certainly the majority of legislator's in Oregon don't get it. Every ballot measure they have put forward to increase taxes has been defeated, now with the highest unemployment percentage in the country they raise taxes. Government spending for jobs only works when tax revenue pays for them. When you have such a high unemployment rate, where are you going to get that revenue on a "long term basis?" Once again just look at California and other states that have high taxes and out of control spending. For example if you were an investor, would you trust the government to stand behind the Bonds you would purchase? Or would you look somewhere else to invest? Keep in mind that the U.S government just failed to back up prime bondholders (union people like teachers, police and firemen) from Indiana with the GM bailout in favor of subordinate parties, like another union, the UAW. There is only one successful model that has been used to help generate new revenue during a depressed economy, cut taxes and reduce spending. That is just common sense, you cannot spend what you don't have, that is if you are responsible and especially if you have a fiduciary responsibility as do our elected officals.
Henry Ruark June 9, 2009 6:45 pm (Pacific time)
dude et al: For rational, reasonable data re tax realities in Oregon, see my Op Ed SEVENTY YEARS. RE "bailout" billions, at national level, do you have any rational, reasonable other way to remedy and reinvigorate economy ? Latest information shows it is already at work, as many stories in most states surely show, too, including Oregon. One major calamitous continuing event full of longrange consequences, some of which are now arriving, is the determined, desperate, and disastrous fullscale longterm drive by business interests to transfer all costs possible from their side to OUR side as consumer and citizen taxpayer. For documentation, see many past OCPP and similar reports across the nation. Be not dismayed by detail delivered in defense of local interests; voter pressures create real problems for those who must face up to notorious no-nothings driving most such uninformed groups. Fact is fact. In Oregon it is fact corporate and similar interest do NOT and HAVE NOT, for a very long time, paid their fair share of what it costs to operate what we call our civilization.
dude June 9, 2009 3:22 pm (Pacific time)
Where's the tax break for the people while you're at it??? We're on the hook already for 14+ trillion in "bailouts" can't we get a year off income tax or something? That would only cost em 4 or 5 hundred billion at the most. No of course not, what am I thinking?
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