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Corporate Tax: Dueling PACs Raise Millions

Two groups campaigning on opposite sides of a ballot measure that would increase corporate taxes have raised millions of dollars ahead of the Nov. 8 election.

The proposed tax, called Measure 97, would create a 2.5 percent tax on sales exceeding $25 million for some corporations.

Our Oregon, the group supporting the tax, has raised $1.5 million so far. The money is from just two donations of $750,000 each by the Oregon Education Association and SEIU Local 503, the state’s largest public sector unions.

The business-backed Defeat the Tax on Oregon Sales is campaigning against Measure 97, and has raised more than $5 million from nearly 800 donations. Most contributions are from corporations or their executives.

To read more, visit The Statesman Journal.

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