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| Even if the Washington State budget wasn’t busted, it is unfair and bad policy to allow Oregon residents an exemption from sales taxes in Washington. Oregon does not allow Washington residents an exemption from their income tax. It is also unlikely that very many Oregon residents actually travel to Washington to purchase merchandise given that their state is sales tax free. Another thing that makes the [...] This graphic to the right doesn’t make one proud to be a Washingtonian. And a big part of the reason is Washington, like Florida, has no state income tax. So the sales taxes, the property taxes and all the other “taxes” just keep climbing on the poor while the rich get richer. Oregon needs a sales tax and they need to use some of the money [...] Remember when the Bush Administration promised us that peace, prosperity and a pony for each and every American would result from their massive tax cuts? Sadly, we didn’t get the pony, despite the horseshit rhetoric. What we got was one of the worst recessions in history, with job losses outdoing all previous downturns save for the Great Depression itself. For the first time on record, middle [...] But Republicans will find some way to blame the victim, or labor unions, or both: The Rand researchers examined the economic performance of 38 industries from 1987 through 2005, in an attempt to assess the economic impact of “excess” growth in health care costs on U.S. industries. Excess growth is defined as the increase in health care costs that exceeds the overall growth of the nation’s [...] From the Wall Street Journal: The nation’s wealth gap is widening amid an uproar about lofty pay packages in the financial world. Executives and other highly compensated employees now receive more than one-third of all pay in the U.S., according to a Wall Street Journal analysis of Social Security Administration data – without counting billions of dollars more in pay that remains off federal radar screens that [...] It’s the best of times for Goldman Sachs, and the worst of times for the rest of us. Ironic that this news would break on Bastille Day: Goldman Sachs’ profits for the second quarter smashed Wall Street estimates and are likely to trigger a windfall for bankers. The bank, long considered the most prestigious and profitable on Wall Street, recorded net profits of $3.44bn in the [...] A “taxpayer watchdog” group calling itself Common Sense for Oregon has started buying ads on Portland radio ridiculing “free soda for prisoners” in its attempt to give the newly majority-Democrat Oregon legislature a black eye at a time when the legislature is trying to close a $4 billion budget gap. With unemployment in the state at a post-Great Depression high, and drastic cuts imminent to programs [...] | Available Streams 2    | ||||
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