Portland, OR places tax on income inequality

Dec 10, 2016

BY: Citizens Count

On Wednesday, December 7 the Portland, Oregan city council voted to tax businesses at a higher rate if the CEO makes more than 100 times the pay of an average employee.

If the CEO makes more than 250 times what an employee makes, the tax will be even higher.

Supporters argue that the policy is a “tax on inequality itself.”  In addition to acting as a check on growing income inequality, the tax will provide funding to fight homelessness.

Opponents argue that companies will leave any jurisdiction with such a tax. Others argue that the potential for high compensation motivates individuals to innovate and grow companies, which creates jobs.

LEAVE A COMMENT

Log in or register to post comments

RELATED ISSUE

Income Inequality add a comment
Is income inequality a problem in NH?

Join Citizens Count

Join our constantly growing community. Membership is free and supports our efforts to help NH citizens become informed and engaged. 

JOIN TODAY ▸

©2018 Live Free or Die Alliance | The Live Free or Die Alliance is a 501(c)3 nonprofit organization.