Labor supports tax measures

Defend Oregon raises funds in support of measures 66 and 67, but lags far behind opposition.

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The majority of the campaign funds for supporters of measures 66 and 67 is coming from organized labor, but the business-backed opposition has raised more.

The group organizing a campaign to pass measures 66 and 67, Defend Oregon, has raised $150,220, with a balance of $82,173. The main opposition campaign, Oregonians Against Job-Killing Taxes, has raised $1.24 million. After spending most of that on its successful signature drive to force the two tax increases to the January ballot, it reports $302,816 cash on hand.

The measures would raise a combined $733 million. Measure 66 raises the tax rate on individuals’ taxable income above $125,000 and for joint filers’ income above $250,000. Measure 67 replaces the $10 corporate minimum tax with a graduated version that ranges from $150 for most companies to as much as $100,000 for the largest corporations. It also raises the corporate income tax rate.

Read the full story at The Register-Guard.

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