If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.
If approved, Measure 118 would institute a 3% tax on most corporations’ total sales in Oregon above $25 million and distribute the money equally among residents of all ages and incomes. The system would go into effect next year.
Not to rail you in the ass, but why isn’t this making the perfect the enemy of the good?
The benefit to low-income families seems massive, and it’s hard for me to accept that taxing revenue instead of profit is enough of a marginal negative to outweigh that benefit.