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political science, Northeastern University in Boston Political experience: Elected state representative in a special election, May 2011; six years, Board of Selectmen; seven years, Finance Committee Issues: Boosting the economy and getting people back to work through regulatory reform; improve employment opportunities through access to education; eliminate the corporate minimum tax of $500 for the first three years of a company starting up.
Measures 66 and 67 safeguard nearly $285 million for K-12 education by raising the corporate minimum tax from $10 to $150 for the first time since 1931 and increasing the tax rates on household incomes above $250,000.
The corporate minimum tax was set at $10 in 1931, and hasn't budged since.
The Corporate Minimum Tax (the "CMT") improves the fairness of the tax system by ensuring that large profitable corporations pay a reasonable amount of corporate income tax.
On the other side, the campaign for the measures' passage has made the centerpiece of its ad campaigns the fact that Oregon's corporate minimum tax is $10.
Passage of the measures safeguards nearly $285 million for K-12 education by raising the corporate minimum tax from $10 to $150 for the first time since 1931 and increasing the tax rates on household income above $250,000.
Measure 67 replaces the $10 corporate minimum tax with a graduated version for all businesses except sole proprietorships.
Measure 67's graduated corporate minimum tax is equally damaging.