Business Tax Reform Deal Floated

By In the news
In: Measure 37
Sunday February 18, 2007

There was a fascinating commentary in the Oregonian today by David Reinhard entitled “Such a (Bipartisan) deal”. It is an intriguing article. The article speaks on a grand compromise deal on the business tax reform debate. The draft plan is similar to the House Republican “Oregon Stability & Investment Plan.”

– Increase the business filing fee
– Cut capital gains taxes: Individuals 9% to 7%, corporate 6.6% to 5%
– Death Tax relief: For estates under $2 million
– Biz-Kicker for Rainy Day Fund: Take business tax kicker refund, use for rainy day fund (The idea of a rainy day fund is to have reserve funds for tough times so that taxes would not have to be raised).

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