Oregon teachers union files multi-billion dollar corporate tax initiative The Oregonian/OregonLive, June 1, 2017 SALEM – One of Oregon's largest public employee unions is once again asking voters to raise…
Hang onto your wallet because our leaders in Salem are at it again. Spending more money than we have even though the state is taking in more money than at any other time in history. Their solution to closing the budget gap is to raise taxes, big time. The legislature is proposing a corporate tax on Oregon sales, but it’s really a hidden sales tax, and it could cost consumers billions of dollars in new taxes on goods and services in Oregon. Everything from food, clothing, cars, cable TV and phone service to housing, gas, electricity, insurance, medicine and healthcare. Oregon voters overwhelming rejected a tax plan like this last year, but the legislature didn’t hear us. It’s time to make them listen.
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A Gross Receipts Tax Is Really Just A Sales Tax For You.
Increased Costs on Everything
A new tax on sales will lead to increased costs for Oregon families and small businesses on everything from groceries and diapers to medicine, insurance premiums and electricity.
Hurts Oregon Families & Seniors
What’s worse, a tax on Oregon sales increases consumer prices and hurts people who are least able to pay. The tax would raise the cost of food, clothing, housing, electricity, gas, and health care, hurting low and middle-income families and seniors living on fixed incomes the most.
The nonpartisan Legislative Revenue Office estimated that a similar tax, Measure 97, would have cost Oregon thirty-eight thousand (38,000) private sector jobs and could have made Oregon one of the worst states to locate a new business. It would hurt future economic development efforts and kill jobs.
Hurts Oregon Small Business
It would tax a company’s sales, whether it makes a profit or not. The tax would especially hurt small businesses and those that have slim profit margins, like grocery stores, restaurants, farms, and businesses already struggling to survive.
Schools, Local Governments and Universities Pay More
Just like families or small businesses, our schools would pay more for goods and services like food, electricity and supplies, increasing overhead and taking funding away from the classroom. And that could eventually lead to even higher taxes and tuition.
Oregon Is Sitting On $3.3 Billion In Bad Debt Statesman Journal, May 20, 2017 The Oregon Legislature and Gov. Kate Brown had high hopes on the Department of Revenue to…