by Lynn Porter
431 words
A while back a member of the Oregon state legislature said that legislators have been passing out business tax credits “like candy,” as an indirect way of rewarding their supporters. The tax burden has been shifted from business to individual taxpayers, who are no longer willing to carry it, and will reflexively vote against any tax increase that they have to pay.
State services, including health care, are falling apart for lack of revenue. More money will have to come from somewhere, and the only possible source is business.
Lane County Commissioner Pete Sorenson has said, “In 1973 the largest corporations doing business in Oregon paid 18 per cent of the state income tax, the other 82 per cent was paid by wage earners and small business. This year, 2005, the largest corporations — those with 75 shareholders or more — are paying five per cent.”
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Lynn Porter is an activist in Eugene, Oregon, working on peace, health care and environmental issues. His blog is at http://lynnporter.wordpress.com.
1 comment:
Economic development requires more than generating revenue; it also depends on how financial responsibilities are shared and how effectively resources are used. The discussion about healthcare funding reminds us that accountability and fair business practices play an important role in creating a sustainable economy. Both individuals and companies benefit when systems operate transparently.
International trade also requires transparency, coordination, and responsible procedures. Importers dealing with overseas shipments need to understand customs regulations and documentation requirements. A professional custom clearance service in Karachi can support smoother import operations and help businesses handle their cargo more efficiently. Reliable trade services are an important part of a healthy business environment.
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