Government & Economic Affairs AM June 8th

Oregon State Representative Jeff Reardon will give us an overview of the 2016 session and Char Shinn with Oregonians Credit Union will update us on IP28.

As you may know, there’s a very concerning initiative that is likely to appear on the November 2016 Oregon ballot.  Initiative Petition 28 (IP28) would impose a huge new $5 Billion tax on sales — the largest increase in state history — and would increase costs for Oregon businesses, working families and consumers.

Some quick facts about IP28:

• IP28 would tax sales, not profits. Even businesses that are losing money would be forced to pay this huge new tax.
• Despite the proponents’ claims, there is no guarantee and no plan for how IP28’s billions in new taxes would be spent. All of the new taxes would go to the general fund, with no plan for addressing the real needs of Oregon schools, small businesses and families.
• IP28’s new tax would hit Oregonians hard – especially those who can least afford it. Because the tax would apply to sales of everyday consumer items like food, gas, medicine, cable TV – even electricity – everyone would pay in the form of higher prices for goods and services that Oregonians buy every day.

We meet on the Lower Level in Education Room B

Coffee and breakfast goodies sponsored by Oregonians Credit Union. Facility sponsored by Adventist Health.