If you live in Oregon and you love collecting old cars this could really suck. Oregon state lawmakers are debating imposing a $1,000 tax on cars exceeding 20 yrs.
Classic car collectors have reason to be nervous. Maybe certain collectibles will be exempted, but that 1992 Japanese import...
The plan is supported by labor unions, and Thursday Oregon's controversial Governor, Kate Brown, signed off on the idea. Measure 97, as it's called, would levy the largest corporate tax increase in state history, on the state's biggest 1,000 companies.
Few details have come out Friday from a reported budget settlement by negotiators in Olympia. But one powerful group warns if there's a capital gains tax attached to the budget proposal, there will be legal action.
The effort began a few months ago with the National Federation of Independent Business (NFIB), and now the Washington State Farm Bureau (WFB) has joined in the fight.
Wednesday Governor Jay Inslee visited with low-income workers in Yakima, as well as college students at CWU in Ellensburg, in support of his goal to bring back a never-used state tax rebate program.