If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.
If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.
Plus a lot of smaller companies and stores never reach the 25 million so not need to pay the tax and raise their prices. Meaning mom and pop shops will get a small edge over large corporate outlets.
That’s a very good point I didn’t rhink about.
This would be an outstanding outcome. It’s about time someone working towards the American dream gets a break.
The question is probably if it is enough to compete, but it’s something.