Tuesday, February 18, 2025
spot_imgspot_img

Top 5 This Week

spot_imgspot_img

Related Posts

Measure 118 shakes up traditional divisions with proposed new business tax in Oregon – Jefferson Public Radio


A new business tax proposal in Oregon, Measure 118, has reignited a long-standing debate in the state. The measure, which aims to tax businesses based on their sales rather than their profits, has drawn strong opinions from both supporters and opponents.

Proponents of Measure 118 argue that it will ensure that large corporations pay their fair share in taxes, benefiting small businesses and generating much-needed revenue for public services. They believe that the current tax system favors big corporations and allows them to avoid paying their fair share.

However, opponents of the measure argue that it will hurt small businesses and lead to job losses in the state. They believe that taxing businesses based on sales rather than profits will unfairly penalize companies that may have high sales but low profits. They also worry that the tax will be passed on to consumers in the form of higher prices.

The debate over Measure 118 has scrambled old battle lines in Oregon, with traditional allies and adversaries finding themselves on opposite sides of the issue. The measure has sparked a lively public discussion, with both sides making their case to voters.

As the November election approaches, the future of Measure 118 remains uncertain. Supporters and opponents are both working to sway public opinion and secure a victory for their side. Ultimately, it will be up to Oregon voters to decide the fate of this contentious business tax proposal.

Source
Photo credit news.google.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles