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https://www.timbers.com/schedule/matches#competition=all&amp%3Bdate=2024-02-10

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Measure 118 promises Oregonians more money, but it could come at a cost (www.opb.org)

submitted 1 month ago by jordanlund@lemmy.world to c/portland_oregon@lemmy.world

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Been seeing a lot of anti-118 ads lately, specifically talking about the harms to "small business" so I had to look it up myself:

FTA above:

"Measure 118 would slap a 3% tax on a business’s Oregon sales above $25 million, then divvy up the money raised among Oregon’s more than 4 million residents, no matter their age.

An analysis by state revenue officials suggests the policy would reap more than $6.5 billion a year, even though it raises taxes on fewer than 2% of businesses. The measure could then send around $1,600 a year to every Oregonian beginning in 2026 — either via tax credits or direct payments."

So, first, if your business generates more than $25 million in sales ($68,493.15 every day!) - you are NOT a "small business".

2nd, we definitely need reform on business taxes to make sure businesses are paying their fair share.

3rd, I'm not so sure $1,600 direct payments to Oregonians is the best use of those tax dollars. It should be used to reduce our overall tax burden. Maybe increase the standard deduction by $1,600 or some such.

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[–] almar_quigley@lemmy.world 6 points 1 month ago

That just makes me feel like it would help promote small businesses and shopping local. So not a bad thing either.