Democrat taxation. Encouraging more business to leave their state. It is all they know how to do. They do not care.
Talk about disastrous!
So a grocery store that makes a 2% profit will be taxed 2.5% on any sales above 25 million gross? So they will make 2% profit up to 25 million, and then start losing money by selling more?
Living in Oregon will get tough when no one sells food any more...
I hope it passes.
Let the Oreganos starve with no jobs, most of which will be headed here to Texas.
The fairest tax would be a surcharge for being a dhimmicrat.
Too bad. We loved visiting Astoria and Depoe Bay...tourism may be all that keeps them alive.
But it’s for the children. Or the general fund. whichever. Or increase salaries for union heads because they need it for all the hard work they do.
The store could just add a 2.5% tax to every cash register sale and label it as the Democrat tax.
From March...Bill Clinton makes surprise appearance at Powell’s Books
http://www.kgw.com/mb/news/politics/bill-clinton-makes-surprise-portland-appearance/94504708
“When a man knows he is to be hanged...it concentrates his mind wonderfully.” Samuel Johnson
Typical socialistic thought: They’ve got enough, so why shouldn’t we help ourselves to some of theirs? Grocery store example cited by others is a good example. It won’t be long until you are penalizing success and encouraging businesses to go elsewhere. Besides that, you are eliminating resources to be used for future expansion and job growth.
Democrats taxing their way to prosperity.
Democrats - because we deserve your money more than you do (and can spend it faster too)
What a joke.
Just wait for the money halt to sanctuary cities when Trump gets in office. Those states will tax to make up
Move all corporate hq out of Peoples Democratic Republic of Oregon. e.g., to Texas. Spin off operations in Oregon into many individually incorporated franchises. Replace one $25 million exemption with many such exemptions.
“Emily Powell, owner of Portland’s beloved Powell’s Books, has a hard time sleeping some nights because of the measure.”
That must be one heckuva bookstore if they sell more than $25 million a year! Must be the coffee and danish...
As mentioned in related threads, a previous generation of state sovereignty-respecting justices had clarified that Congress is prohibited from appropriating taxes in the name of state power issues, basically any issue that Congress cannot justify under its constitutional Article I, Section 8-limited powers.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.If the citizens of Oregon were to put pressure on their state lawmakers to lead the rest of the states to put a stop to unconstitutional federal taxes, taxes that Congress cannot justify under its Section 8-limited powers, then all the states would probably find billions of dollars in recovered state revenues that they wouldn’t know what to do with.
Businesses are free to leave Oregon. That’s the beauty of a free republic.