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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!

Unlike "other" Portland communities you may have seen "elsewhere", I believe in a "warts and all" approach. You are free to take off your Rose tinted glasses and talk about topics that are dragging our city down.

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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 2 months 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 2 months ago

And that cost? Money.