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Gotta love the Dems and their Pro-Tax new era (not saying you are one Sinobas). Tax EVERYTHING, in the name of the Schools and Children! Fear-mongering B.S. while Government waste continues in Portland.
I see your economist and raise with this economist:
http://portlandtribune.com/pt/9-news/322921-201885-economist-says-no-to-measure-97
And just 18 of the 89 economists cited as supporters of Measure 97 are from Oregon.
If you want real data on this, read this:
https://www.oregonlegislature.gov/lro/Documents/RR 3-16 Measure 97.pdf
Ok, so whoever wrote that simply repeated the fallacy that the corporate tax would be passed on to consumers.
Look at this comprehensive study which found no correlation between state corporate taxes and consumer prices. http://oregonconsumerleague.org/wp-content/uploads/Side-by-Side-Shopping-Cart-Study.pdf
In addition to not bearing out in the real world, I think that theory in general is faulty. If a business incurs a higher cost to sell a good, that higher cost will either eat into profits or be passed onto the consumer. It depends on the elasticity of demand on that product. Businesses already set their prices according to what they think will maximize profit, so they thought they could sell it for more and not drive down demand to the point of a net loss, they'd already be selling the product for that amount.
It's a shame that this sort of bs is being used to scare the public away from a tax increase that would bring in billions and shift the tax burden more towards wealthy corporations.


