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Banacek
12-12-2016, 04:02 PM
Despite the popular revolt which seemed to characterize the 2016 elections, it seems to me as if some of you still just don’t get it. And by “you” in this case, I mean the city council in Portland, Oregon. You see, guys, the idea is to encourage companies to grow and hire more people. It’s not to drive them away. And yet we see new laws being passed such as this.

The city of Portland, Oregon, is imposing a surtax on companies whose CEOs earn more than 100 times the median pay of their lower-wage workers.

Companies will see a 10 percent increase on their tax rate if the CEO makes 100 times the average employee and a 25 percent increase if they make 250 times the average salary, The New York Times reported.

The new law, which passed 3-1 in the city council, is estimated to generate about $2.5 to $3.5 million per year, which will be used to address income inequality on a local level.

On “Your World” today, Portland City Commissioner Steve Novick said that aside from climate change, extreme economic inequality is the greatest problem of our time.


http://hotair.com/archives/2016/12/11/portland-to-heavily-tax-companies-if-their-ceo-earns-too-much-money/

Dlr Pyro
12-12-2016, 04:15 PM
The new law, which passed 3-1 in the city council, is estimated to generate about $2.5 to $3.5 million per year,
... and is expected to drive successful businesses out of portland into neighboring cities whose city council are more grounded in reality and common sense.

Dan D. Doty
12-13-2016, 03:22 AM
Every time a company threatens to leave some place , The Democrats come with the BRILLENT idea that would make any company want to stay ; tax the living hell out of them and shove more regulations down their throat and up their ass.

Then the Democrats can't figure out why they left.

:rolleyes::rolleyes::rolleyes:

FlaGator
12-13-2016, 07:57 AM
I foresee an expansion in the business environment of Arizona.

NJCardFan
12-13-2016, 08:51 AM
Every time a company threatens to leave some place , The Democrats come with the BRILLENT idea that would make any company want to stay ; tax the living hell out of them and shove more regulations down their throat and up their ass.

Then the Democrats can't figure out why they left.

:rolleyes::rolleyes::rolleyes:
Better yet, they blame the Republicans.