Measure 97 Earns Endorsement

SALEM, Ore. (AP) – A $3 billion corporate tax measure that will be on Oregon’s ballot this November has earned another endorsement.

The Oregonian/OregonLive reports ┬áthat a slim majority of a panel overseen by the Citizens’ Initiative Review Commission supported Measure 97.

The statement of support will be included in the state voter’s pamphlet alongside comments from opponents.

The measure would create a gross receipts tax by charging certain corporations a 2.5 percent tax on their gross annual sales above $25 million. State economists estimate that it would raise at least $3 billion annually.

Opponents of the tax cite a report from the nonpartisan Legislative Revenue Office that described the tax as regressive. Committee members say it could increase the price of food, clothing, housing and other essential goods and services.



Pusher Charged TriMet Adds 24 Hour Service Veteran With Traumatic Brain Injury Goes Missing UPDATE: Teen Who Pushed Friend Off Bridge Charged With Reckless Endangerment Experts: Air Quality Improving But Smoke Is New Normal Keizer Rape Arrest Highlights Bigger Problem In Salem Area