10 Years...30 Years...What's The Difference?
Oregon’s lawmakers bought a real pig in a poke with
this deal. Governor Kitzhaber comes out
and asks for authority to strike a ten year deal for “tax certainty” by
Nike. Before anyone has a chance to
think about it, a special session of the legislature passes the thing. Now I like Nike and I hope they stay here
forever and create lots of new jobs. But
they’re a worldwide company and frankly that doesn’t seem likely. Then we find out that its not a ten year deal
for Nike…but a thirty year deal. and we
find out it’s not just one company…the
governor now has the right to pick winners and losers for tax certainty and the
deals can run out to as much as forty years.
The law seems to forbid making promises that must be kept by future
legislatures and decisions by voters.
And I fully expect that governor retread will ask the legislature to
approve a sales tax for Oregon, because goodness knows the government just
doesn’t have enough of your paycheck yet.
You wonder if there’s a Santa Claus?
Yep…and he lives in the Pearl and commutes to Salem every day.