Two sides of a proposed corporate sales tax on the November ballot are clashing over a fundamental tenet of the measure — how the revenue can be spent.
Initiative Petition 28 — which is on track to be called Measure 97 on the ballot — would levy a 2.5 percent tax on certain corporations’ Oregon sales exceeding $25 million.
Washington County commissioners, by a 3-2 vote, will formally oppose Measure 97.
The Nov. 8 ballot initiative would raise a projected $3 billion annually by raising the corporate minimum tax by 2.5 percent on a business’s Oregon sales of more than $25 million.
Oregon Health Forum hosts a debate on this controversial ballot measure on Oct. 5 at the Multnomah Athletic Club. For details, click here.
The Oregon Health Authority has so far dodged questions about how the state plans to cover its $328 million share of the Medicaid expansion, as the cost of providing healthcare for the poor comes due next year. The state agency promises a budget in September based on current revenues, while Democratic politicians pray for a big windfall come election day from Measure 97, the corporate tax initiative.
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