Posted on 02/05/2022 8:17:13 AM PST by Oldeconomybuyer
A new House Bill aimed at helping some of the state's most vulnerable will receive a public hearing next week.
HB 4079, known as the Oregon Freedom Pilot Program, would increase taxes on luxury items. The money collected would be given out to low-income pregnant women and adults who have aged out of the foster youth program. Those who qualify would receive $750 a month for up to three years, but only if they agree to the requirements of completing a financial literacy class and letting purchases made with the $750 be tracked for analytical purposes.
The $750 would come on a debit card. Witt says there are no restrictions on what that money can be spent on.
Taxes would be increased to 3% on items deemed a luxury. Examples outlined in the bill include airplanes, expensive watercrafts, high-end cars, jewelry and guns. Witt says once each item goes over a certain price, it will be taxed.
"Jewelry would be a $20,000 threshold; we have a $15,000 threshold for items like snowmobiles," said Witt. "Each item, the threshold pricing point was determined by what is the average cost of that item in the marketplace and we tried to get it at the very high end of that market to make sure it was luxury and not an everyday purchase price."
(Excerpt) Read more at katu.com ...
Now that I think about it, that may have been Dick Durbin and Connecticut, but it doesn't matter, they are all the same.
I like that and I think they should start off with a thousand dollar tax on every item. And next year charge then a ten dollar tax on every breath they take. Never give a sucker an even break.
I think it was John Kerry.
I recall when that was done before.
Thousands of employees were without jobs in the industries that produced those products, like yachts, aircraft and an assortment of high end products.
Jimmy Carter tried that. It wiped out entire industry’s. Morons.
Anyone here remember the 10% luxury tax Congress passed and Bush senior signed back in 1991? I was in the yacht sales industry at the time and it destroyed the US boat manufacturing industry because people just stopped buying boats. Over $400,000 jobs were lost across the industry including a generation of skilled craftsmen. This was the beginning of the inroads the Chinese and Europeans started making in to the US recreational boat market.
The late (great) Dr. Walter Williams used to make this analogy:
You walk down the street and see a man dressed in a nice suit. You pull a gun and force him to give you $100. Then you continue down the street and give $20 to the first 5 bums you encounter. Does that make you a good guy?
In about 1990 congress passed and President Bush place luxury taxes on yachts, high end automobiles, and private airplanes.
I am somewhat familar with the tax on luxury yachts.
It was a complete failure. The tax was placed only on new yachts built in the US. I believe it was a 10% tax on new yachts priced over $200,000. It raised almost no revenue and put several yacht builders out of business.
There were so many substitutes: used yachts, yachts built in foreign countries, condos in Florida etc. One will observe the impact of the Oregon tax on boats. People will purchased boats outside of Oregon.
You’re right - Kerry did do that... Also there was something about one of his houses that games were played with for property taxes. That came up when he ran with John Edwards, I think for the WH. So long ago, I don’t remember details.
As far as I know both he and Edwards (is he still alive?) owed the US Treasury money for the paychecks they received while they were on the campaign trail and not doing the job in the Senate they were elected to do back in 2003??? Probably we lucked out there in spite of them being scofflaws!
There used to be a list with $$ owed for the same thing but I haven’t come up with anything current in a long time. I think it was the National Taxpayers Union that put out the list.
Do luxury items include eggs, milk, cheese and bread?
Basically, the democrats want to start another hand out control freak program, that won’t have the proper financing.
Lets see, give money to people, make them take a financial course from your teacher buddies, have a public employee monitor purchases, all while raising taxes on some items.
Hmm...sounds like selective sales taxes, in a state that’s not supposed to have a sales tax.
Let me guess, they’ll be called excise taxes after a “black robed” democrat gets done with it.
Only in states run by Demonrats.
I’m sure those will be next
Not yet.
List of luxury items they want to tax?
Not yet - but at some point during our current monetary
hyperinflation, they will. But it won't last very long -
because at that point our society / civilization will
quickly collapse / degenerate into violent, lawless anarchy.
“once each item goes over a certain price, it will be taxed”
Airplanes...$50,000
Boats.......$50,000
Cars........$50,000
Guns........$2.50 including sales tax
“List of luxury items they want to tax?”
Here is the list they do not want to tax:
THEN-—IT is a simple exercise to “strike off a ZERO” and the new prices will apply to almost anything.
I really dodged a bullet when I couldn’t find an affordable property in 2004 there.
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