Hello insanity, thy name is corporate kicker

Carla Axtman

From the always interesting Oregon Economics blog, Professor Patrick Emerson provides this graph, courtesy of the New York Times Economix Blog:

Corporate profit graph

State economist Tom Potiowsky describes corporate profits in Oregon as "booming", largely due to staff cuts and pay. Apparently all those incentives for businesses in Oregon are helping somebody, if not the rank and file Oregonian.

Tax revenue from corporations are up enough to possibly trigger the kicker to the tune of $40 million while at the same time facing a massive budget shortfall.

In the meantime, Oregon Republicans are hand-wringing about the lack of revenue while wanting no substantial discussion of ending the corporate kicker.

Comments are closed here. You should definitely comment over at Oregon Economics blog because this is really Professor Emerson's story, not mine.

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