Featured Stories

Other Pamplin Media Group sites


Our Opinion: Time for business to lay out its plan

Share
A tax on a company's sales, as opposed to its profits, is inherently unfair to businesses that make no or very little profit, and a large portion of it is likely to be passed onto consumers.

Last fall, in opposing Measure 97, we argued that the massive gross receipts tax — the largest tax proposal in Oregon history — was too big a hit on the businesses that would have been affected. It was a back-door sales tax that would have been passed on to consumers in the form of higher prices for essentials like gasoline, food and electricity.

We also argued that the place to craft more sensible revenue reform was in the Oregon Legislature — not the ballot box. In Salem, lawmakers would be able to pair any proposed tax increases with curbs on government spending (including PERS reform) and a plan for investing in our crumbling roads and bridges.



To read the full version of this story...
Click HERE to continue to the Portland Tribune.