December 13th, 2012 by salloy
The Oregon Working Families Party calls on the Oregon legislature to reject the Governor’s sweetheart tax deal with Nike.
News broke yesterday that Governor Kitzhaber has called a special session of the Oregon Legislature, just to consider a tax deal for just one company–Nike.
The Governor’s proposal would allow him to bypass the legislature and the voters and cut a deal with Nike–a deal aimed at locking in the company’s tax rate for up to 40 years.
Published reports indicate the Nike began talks with the Governor about this plan only about a month ago. With the election freshly behind us, 36 WFP nominees will be serving in the House and Senate as well as other state elected offices when the legislature convenes in regular session this coming January. But Nike and the Governor seem intent on pushing through this tax deal during the lame duck session before any newly elected legislators will be able to vote on the proposal.
The fact is, no one really knows what Nike pays in state taxes. While Nike is required by the U.S. government to report their federal tax rate to the Securities and Exchange Commission, the State of Oregon requires no such transparency.  We have absolutely no idea what Nike contributes to public services–the roads, the education system, the public transportation–that directly benefit their company.
So here’s the situation: The Governor has called the Nike Special Session for this Friday. Legislators are meeting in the capitol right now trying to decide how–or if–they should react to this bill.
The time to act is very short, and the need for our WFP legislators to hear from us couldn’t be more critical.
Tell the Oregon Legislature that this is a BAD precedent and a BAD deal for Oregon!