Taxes and Competitiveness

Feb 2, 2010

Last week Oregon raised its top income rate to 11% and its corporate rate to 7.9%, while doubling many small business tax charges and fees -- which is good news for...Chicago. Mayor Richard Daley explains (sub req):

We'll be out in Oregon enticing corporations to relocate to Chicago...They believe that anybody who makes $125,000 or more [annually] or business or anyone who makes $250,000--they're gonna start taxing them.  They call them 'rich people.'

I've always thought America stands for [rewarding success]...I never knew it's a class war--that those who succeed in life are the ones that have to bear all the burden...It will be a whole change in America that those who succeed and work hard, we're gonna tax'em more than anyone else.

[Businesses can] go to Wisconsin.  They can go to Indiana.  They can go to India. They can go to China. So if you want to beat up businesses, go beat them up and when they leave, just wave to them, and they're going to wave back to you.

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