Oregon has among the lowest corporate taxes in the country, which has left our schools and services badly underfunded. As a result, our class sizes are among the largest in the country and our graduation rate is among the lowest.
Corporate taxes have declined greatly in Oregon over the past few decades. In 1973, corporations paid 18.5 percent of all Oregon income taxes. Today, they pay just 6.7 percent, a decline of nearly two-thirds. Small businesses and individuals already pay their fair share in taxes, and corporations should, too.
Part of the problem is that corporations don’t have to disclose how much they pay in taxes in Oregon. In order for voters and elected officials to make good decisions about public policy, publicly traded corporations should disclose how much profit they earn in Oregon and how much they pay in taxes.