Chip Shields Is Moving HB 3272 Forward

Michael Munk sent in the following:

Rep. Chip Shields is sponsoring a bill that would change the top individual income tax rate from 9% to 11%, applied only to income over $500,000.00. This is estimated to apply to only about 8500 out of Oregon's 1.8 million taxpayers. Projected increase in tax revenue would be approximately $220 million over 2 year period. His bill number is HB 3272. Call you state representative to voice your support.

We add:

Legislator's necks broke from whiplash when we raised this on a recent lobby day. We were arguing that the threshold should be closer to $200,000 or $250,000. Shields will need our help, even with his higher amount. Along with this we also need to either extend the time people can receive unemployment compensation or the amounts they receive, spending on infrastructure and education, help with college loans, saving the state childcare program, increases in the rate of corporate taxes and an increase in the corporate minimum tax, healthcare for all and taxes on healthcare providers and insurance companies. The liberal and progressive wings of Oregon's labor movement are with this, as are many citizen's groups. The push for these changes needs to be broadened, the groups that favor these changes need to be held to task and the politicians who are signing on need support and watching.