Press News

September 8th, 2016 - Oregon Local News

Citizen's View: Carbon credits: a Salem Switcheroo

Bureaucrats in Salem have pulled the wool over taxpayers’ eyes again.
The controversial Low Carbon Fuel Standard (LCFS) is quietly transforming into a secret subsidy for existing light rail and other mass transit, rather than the intended purpose of lowering emissions.
It was recently reported that officials are considering allowing existing streetcars, light rail and electric bus lines in Portland and Eugene to trade LCFS credits to gas companies.
The goal of the law was to compel fuel companies to produce cleaner gasoline. Companies that invest in refining processes that reduce carbon emission would get a “gold star” (to use a grade-school metaphor) as a reward that they can then sell to companies that didn’t. The companies that buy the “gold star” in order to sell their dirtier fuels would then have a higher cost basis, making the cleaner fuel company more competitive. More gas stations will then carry the cleaner, cheaper fuel.
Instead of buying “gold stars,” the fuel companies were expected to eventually earn their own. And over time, that would probably happen. Unless this turns out to be another Salem switcheroo. Spoiler alert: It is.
Demonstrating a commitment to green energy carries a heavy price tag, and our streetcars, light rail and electric buses don’t come close to paying for themselves with ridership alone. Right now, payroll and self-employment taxes fund about half of TriMet’s operations. And it’s not enough.
Officials at the Department of Environmental Quality are now considering allowing light rail, streetcar and battery-powered buses to participate in the LCFS program. This theme came around previously with the proposal to do away with coal in Oregon — which is a concept I support. The Department of Environmental Quality may soon be granted authority to sell the same “gold stars” that were supposed to be earned by gas companies that invest in making fuels cleaner.
July 29, 2016 - Hood River News

Elections 2016: Gudman talks state treasurer bid during Hood River visit

Jeff Gudman, the Republican candidate for Oregon State Treasurer, touched down in Hood River last Thursday on his campaign trail.

The Lake Oswego City Council member and private investor outlined his vision for candidacy with the Hood River News, shortly before addressing the Hood River County Republican Central Committee at China Gorge restaurant. Despite his party affiliation, Gudman feels the state treasurer position is a non-partisan role. His campaign emphasizes his past experience in fiscal work and political leadership at a city level.

“I’m running for treasurer on a very simple premise: Oregon’s next treasurer ought to have experience as a treasurer,” Gudman said.

Gudman filed for candidacy last November. He will face two opponents in the November election: Rep. Tobias Read (D-Beaverton) and former state Sen. Chris Telfer, a Bend accountant who filed with the Independent Party. Oregon’s treasurer, an elected position in the executive branch, serves as chief financial officer for the state. Responsibilities include managing the investment of state funds, issuing all state bonds, serving as the central bank for state agencies and administering the Oregon Savings Network.

Gudman entered the realm of public office when he was elected to Lake Oswego City Council in 2010, then re-elected in 2014. He holds a MBA from Penn State’s Wharton School of Business. He has worked as a financial analyst for Hyster Co. and treasurer for several subsidiaries of Northwest Natural Gas. Gudman is the current treasurer of the Legacy Emanuel Foundation, and former treasurer of USA Olympic Swimming...

March 16th, 2016 - Portland Tribune

My View: Voters are handed an illusion of choice

This short Oregon legislative session had a theme: Pass these bills or something worse awaits us on the ballot in November.

Most parents are familiar with the tactic. A child is offered two unappealing options, but given the choice they will accept the lesser of two evils. Although it’s not always easy, it usually works.

I feel like our Legislature is treating us like unruly toddlers.

It started with minimum wage. If we don’t have a reasonable compromise to raise the minimum wage, just wait to see what the voters pass in November. I’ve heard this argument from very reasonable people, who no doubt feel fatalistic about legislative and initiative petition outcomes.

Oregon already has the second-highest minimum wage in the country, tied to a carefully designed mechanism to raise the wage with inflation. It was $9.25 per hour, which most economists agree is healthy, and that it should be about 50 percent of the median wage.

Under the threat of ballot initiative to raise the minimum to $15 in just three years, the Legislature jumped into action to “save us” from reckless mob rule in November. The metro area minimum wage now will increase to $14.75 in six years, and other counties will cap at $13.50 and $12.50 in the same timeframe.

It’s better, right? Sure. You can brush your teeth and go to bed now, or you can play with your toys for 10 more minutes ... then brush your teeth and go to bed.

February 17th, 2016 - OregonLive by Jeff Gudman

Time to kill the Oregon Growth Board (OPINION)

Time To Kill The Oregen Growth Board | Press News | Jeff Gudman For State Treasurer

Like most Oregonians, I've had enough of Salem's crony-capitalist politicians using your money to help well-connected private companies benefit from legislative generosity.
In the Legislature's first week, one such program — the Oregon Growth Board — received a committee vote for a rules change via House Bill 4020A. This is a program that should be abolished, not adjusted.

Very few people know that our state's School Stability Fund is being used to bankroll angel investor conferences and give away grants and loans to risky startups through venture funds.

Oregon's School Stability Fund has been used to funnel more than $100 million into the riskiest categories of venture capital investment. And it's not just going to Oregon companies, but to Canada, Utah, Washington and California.

Big risks are supposed to mean big rewards, right? Not in this case. The Oregon Growth Board's co-chair, Gerry Langeler, testified on Feb. 1 that the return on investment has been 2.5 percent over the entire life of the fund. In the same amount of time, the Dow Jones industrial average, the Nasdaq composite and Standard & Poor's 500 index have increased more than the fund with a much lower risk.

Big risk and a small return. Not the right combination.

Only the Oregon Legislature could produce a result that both initiated and inherited the highest amount of risk and provided a financial equivalent to stuffing a mattress with cash.

31th, December 2015 -  The Review

Gudman casts lone “no” vote against Lake Oswego creating a city-owned utility

Gudman Casts Lone “No” Vote Against Lake Oswego Creating A City-Owned Utility | Press News | Jeff Gudman For State Treasurer

City officials have hired a Portland-based market research company to gauge public demand for a city-owned-and-operated broadband Internet network.

The phone survey — targeting 400 households and 100 businesses in Lake Oswego over the next several weeks — will be conducted by Pivot Group. It follows an online survey conducted by the city in December, which sought open-ended comments and advice from Lake Oswego residents about their interest in a gigabit-speed, fiber-based broadband network.

The big question, City Manager Scott Lazenby said, is whether enough local households and businesses would use the service to make it self-supporting.

December 19th, 2015 - The Oregonian by Jeff Gudman

A highly regressive tax on 'big corporations' (OPINION)

A Highly Regressive Tax On 'Big Corporations' | Press News | Jeff Gudman For State Treasurer

Once again, Oregonians are being misled by talking points and statistical manipulations to justify a political agenda.

It's a shame, because it seems like every news story is about backdoor deals to silence public records requests, email scandals and ballot title tinkering. It's no wonder Oregonians are leaving the party system and having less and less confidence in their government telling them the truth.

The latest proposal is Initiative Petition 28. Make no mistake, this is the most regressive form of a sales tax we've ever seen — one that doesn't exempt food or medicine — hidden as a tax on "big corporations."

If you can't get past that sentence because you believe corporate America is greedy, manipulative and selfish, I challenge you to leaf through the headlines right now and see how many of those themes belong to our own state government leadership.

December 24th 2015 - The Oregonian by Jeff Gudman

Citizen's View: Proposed 2.5-percent gross receipts tax would negatively impact all Oregonians

A proposed ballot measure for the largest tax hike in modern state history — a gross receipts/sales tax that would sharply increase taxes on business revenues that exceed $25 million in Oregon — does not pass the test to provide the biggest bang for the buck. There are better alternatives to generate revenue for programs vitally needed by Oregonians.

A fair tax system in the state is critical. The need for tax reform is critical, but in a way that provides stability and confidence for taxpayers and government programs that rely on the revenue. The proposed ballot measure to impose a 2.5-percent tax on the gross receipts of companies that do $25 million of business in the state is not the way.

If approved by voters, such a tax would harm the state just as we have emerged from the worst recession in decades. It would harm people who can least afford an increase in the cost of groceries — people who already have a difficult enough time paying for food. It would harm first-time home buyers who already have a difficult enough time getting a mortgage, and it would add additional complexity to an already complex code, which adds costs paid by residents.

November 13th, 2015 - Portland Tribune by Jeff Gudman

My View: Everyone deserves affordable education

My View: Everyone Deserves Affordable Education | Press News | Jeff Gudman For State Treasurer

There is no shortage of legislative proposals to help kids pay for vocational or college education. The common thread is that nobody knows how to fund them without taking money away from other critical services.

I’ve been reflecting on this challenge as I considered entering the race for state treasurer, a position that soon will be vacated by my friend Ted Wheeler. It is a decision I officially announced last week.

The problem with politicians is that they’re very generous with other people’s money. On the flip side are the successful entrepreneurs and business people who see a need and find ways to fund it.

The most high profile of such efforts is The Giving Pledge, the brainchild of the Bill and Melinda Gates Foundation and Warren Buffet. The pledge is a commitment from the world’s wealthiest individuals and families to dedicate the majority of their wealth to philanthropies.

The list is impressive, including everyone from Paul Allen to Mark Zuckerberg.

Oregon has some wealthy people, too. You can see their names on buildings, athletic fields and theaters. I’d like to put their and other Oregonians’ names on a pledge.

I’m proposing the Oregon Giving Pledge, made up of our state’s most successful individuals and families. It would be a permanent mechanism to provide no-interest loans to students seeking post-secondary education — either at a university, community college or professional/technical school. Individuals and families fortunate enough to have achieved success can contribute either for tax credits, tax deductions, a desire to help — or all three.

With an initial target of $500 million wisely invested, a 5 percent annual distribution from the fund would provide $25 million a year in no-interest loans to young people in Oregon. That’s enough to send 950 kids to Oregon State University for a full year with tuition, room and board, books and personal expenses.

As these loans are repaid and more pledges obtained, that 5 percent annual distribution will create a growing resource, making postsecondary education more affordable for our children and grandchildren.

November 09th, 2015 -  The review

Gudman announces run for state treasurer

Lake Oswego City Councilor Jeff Gudman officially announced his candidacy for state Treasurer on Monday at two events: a 10 a.m. press conference in the Capital rotunda in Salem after filing the required paperwork to run, and at a gathering with supporters at noon in Millennium Plaza Park.

November 9th, 2015 - by Wallowa Valley Online

Jeff Gudman Announces Candidacy For Oregon Treasurer

Salem, OR Today Jeff Gudman is announcing his candidacy for Oregon Treasurer. Jeff will be submitting his declaration of candidacy to the Secretary of State’s Elections Division office at the Oregon state house at 10:00am which will be followed by a press conference in the rotunda. Following his official candidacy submission, Jeff will be holding an event with supporters in Lake Oswego at Millennium Plaza City Park at 12:00pm.

November 10th,2015 - The Register-Guard

Lake Oswego City Councilor Jeff Gudman to run for Oregon state treasurer

SALEM — Lake Oswego City Councilor Jeff Gudman says he’s running in the Republican primary for Oregon state treasurer.
Gudman filed candidate paperwork on Monday.
He’s is so far unopposed in the GOP primary.
Republicans have struggled to win races for statewide offices such as treasurer. Gudman tells The Oregonian that he views the treasurer as a nonpartisan position.

November 5th, 2015 - Portland Tribune by Saundra Sorenson

Lake Oswego councilor to seek GOP nomination for state treasurer

Lake Oswego Councilor To Seek GOP Nomination For State Treasurer | Press News | Jeff Gudman For State Treasurer

Lake Oswego City Councilor Jeff Gudman will make official next week what many in the city have known for months: He will seek the Republican nomination for state treasurer in 2016.

“Everything in my life has been building to being this state’s treasurer,” Gudman told The Review this week. “I don’t want to sit here and say it was a plan. But looking back, things such as my lifelong (state) residency, my education, my business experience, my civic experience and my philanthropic experience give me a depth and breadth unique among candidates for this office.”