Today, the Oregon Consumer League and Our Oregon released a report that confirms one of the strategic elements of Measure 97: There is no correlation between the taxes corporations pay in a state and the prices paid by consumers in that same state.
Raising Oregon’s corporate minimum tax will not lead to higher prices for common consumer goods.
“A nationwide scan of the prices consumers pay at major retailers showed that low state taxes do not equate to low consumer prices, or vice versa,” said Shamus Lynsky, Interim Executive Director of the Oregon Consumer League and lead author of the study. “In fact, we found major retailers offer items for the exactly same price in every state.”
This report shows that despite what large and out-of-state corporations may say, raising Oregon’s corporate minimum tax will not lead to higher prices for common consumer goods.