October 9, 2013
October 9, 2013
by J.L. Wilson
Associated Oregon Industries
Historic Bi-partisan Agreement Reduces PERS Liabilities by $4.6 Billion & Delivers Significant Small Business Tax Relief
Against the backdrop of dysfunctional national politics, the Oregon Legislature came together on a sweeping bipartisan agreement to curb PERS liabilities, add $100 million to K-12 school funding, freeze tuition at Oregon’s universities and community colleges, and deliver the most pro-growth business tax policy Oregon has seen in over a decade by establishing a lower tax rate for S-corporations, LLCs and partnerships.
The package of bills also included the top priority for Oregon’s agricultural community – a preemption of local government regulation of genetically modified crops.
Last week, Governor Kitzhaber and Democrat and Republican legislative leaders negotiated the final package of five bills. The details of these bills – and the vote counts – remained in flux until the final day.
AOI took a strong position in support of the bipartisan agreement. In partnership with our colleagues and partners in the Oregon business community, AOI lobbied hard in support of the five bills.
You can see AOI and the business community’s statement of support here.
The five bills include:
Because the small business tax cut does not take effect until 1/1/2015, this package represents an increase of $189 million into the General Fund this biennium. The small business tax cut cancels out this increase starting in 2015. HB 3601 is a significant net tax cut for Oregon business.
AOI wishes to recognize Oregon legislators who voted “YES” on all five bills. This is not to minimize those legislators who supported three or four of the bills. Each legislator had to make tough decisions and tough votes on compromise legislation which contained a little bit for everyone to like and dislike.
But these legislators did something special – they voted “YES” on the entire package of bills to solve big problems and move Oregon forward. They deserve to be recognized for their extraordinary leadership.
Senator Brian Boquist (R-Dallas)
Senate President Peter Courtney (D-Salem)
Senate Republican Leader Ted Ferrioli (R-John Day)
Senator Fred Girod (R-Stayton)
Senator Bill Hansell (R-Athena)
Senator Arnie Roblan (D-Coos Bay)
Senator Bruce Starr (R-Hillsboro)
Senator Jackie Winters (R-Salem)
Representative John Davis (R-Wilsonville)
Representative Sal Esquivel (R-Medford)
Representative Chris Garrett (D-Lake Oswego)
Representative Vic Gilliam (R-Silverton)
House Majority Leader Val Hoyle (D-Eugene)
Representative John Huffman (R-The Dalles)
Representative Mark Johnson (R-Hood River)
Representative Betty Komp (D-Woodburn)
House Speaker Tina Kotek (D-Portland)
Representative Caddy McKeown (D-Coos Bay)
House Republican Leader Mike McLane (R-Powell Butte)
Representative Julie Parrish (R-West Linn)
Representative Brad Witt (D-Clatskanie)
To view the full legislative voting matrix and see how your legislator voted, click here.
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