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Welcome to the lemmy.world community for Portland, Oregon!

This community has kind of been empty since it was created, I'm hoping to change that!

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Links to know!

Portland Trailblazers Schedule!

https://www.nba.com/blazers/schedule

Portland Winterhawks Home Game Schedule!

https://www.rosequarter.com/events/winterhawks

Portland Timbers Pre-Season Starts in February!

https://www.timbers.com/schedule/matches#competition=all&date=2024-02-10

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jordanlund

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

submitted 1 day ago by jordanlund to c/portland_oregon

6 comments fedilink hide all child comments

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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[–] [email protected] 4 points 1 day ago

And that cost? Money.