Oregonians work hard and deserve to keep more of the money they earn. I’m sure most don’t know that their employer pays a tax on their wages. This is above and beyond the income tax the employee pays. If I’m elected Governor, I’m going to eliminate that tax for businesses and ask that in return, the businesses pay that money to the employee rather than the state. (If the business doesn’t like this deal, they can opt to pay the state instead)
Money earned by Oregonians is better spent by Oregonians rather than wasted by the state. Of course, this will work for every single employee of a private business, even top executives. It will be up to the discretion of the businesses whether or not to pass this savings on to these executives or examine other options such as dispersing this among other employees. Regardless, there will be more money to spread around to the people who actually earn it.
This is how you create economic stability.
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ReplyDeleteHow do you ensure that a business that becomes exempt from payroll tax is in fact passing that money on to their employees per the agreement. (I know this falls under your "people are good, let them be good" concept, but I am hesitant to believe that a profit minded business owner will not just see this as an opportunity to save some money for themselves)
And, how do you suggest we (Oregonians) handle the (however minimal, under your new plan) unemployment occurances that do come up. If all businesses opt out of paying payroll tax, will this now become the responisibility of the employee?
1. Employers will be required to show employees how much they were previously paying the state in payroll taxes. The employees will be able to verify this through a state website. Employees will then see this amount added to their gross pay. If the numbers don't match, they can bring it up to their employer, or report it to the state. If the employer is not holding up its part of the agreement, it will start paying payroll tax back to the state.
ReplyDelete2. We need to get out of our heads that money for one program or another MUST come from ONLY one pot or another. Just because we no longer have income specifically allocated for unemployment claims doesn't mean we won't have money to pay out for claims. We'll be making cuts to non-essential government departments, and we'll be seeing more personal income tax revenue due to new jobs and pay increases. All of this income will help pay for unemployment claims and other state services.
Or better yet, get rid of the payroll tax and let the business owners decide what to do with the money. Whether its a raise for their employees or improvements to their business model to create more business AND more money. Let them decide, that's liberty.
ReplyDeleteYes. That's liberty and I completely agree. And that's the way that I would prefer to operate. But we're in Oregon and we conservatives need to give a little to get some things done, otherwise we get nothing. So I propose instead of the state taking money from businesses, we ask the businesses to give back to the people who make the businesses work. It's a compromise. Maybe in Alaska it would work different. Remember, we're giving back to the businesses the entire corporate income tax. It's either this or have another Democrat Governor who will just take everything.
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