PORTLAND, Ore. (KOIN) — Sen. Bernie Sanders, I-Vermont, endorsed Measure 97 on Wednesday, the campaign group Yes on 97 announced.
The former Democratic presidential candidate said his endorsement of the corporate tax measure comes at a time of massive income and wealth inequality.
Measure 97, if passed, would establish a 2.5% tax on corporate gross sales that exceed $25 million. By law, funds raised would go toward education, health care and senior services.
Sanders said it’s time for large profitable corporations to start paying their fair share of taxes.
His full statement can be seen below.
At a time of massive income and wealth inequality, it is time for large profitable corporations to start paying their fair share of taxes. That is why I am supporting Oregon 97. Large corporations must help the people of Oregon provide high quality public education, health care and services for seniors. Passing Measure 97 would allow Oregon to fund 7,500 new teachers, provide 16,000 seniors with quality in-home care – without raising taxes on small businesses.
If you believe huge corporations shouldn’t be able to use loopholes to avoid paying taxes, vote for Measure 97. If you believe in moving closer to a nation in which health care is a right not a privilege, vote for Measure 97. If you believe that all people wanting to pursue higher education should be able to do so regardless of their income, vote for Measure 97.
I think quality education, improved health care and the ability to retire in dignity are worth asking the biggest corporations and Wall Street to pay a little more. Please vote yes on Measure 97.