Initiative Petition 28 qualifies for the November ballot; join the coalition to defeat the tax



Initiative Petition 28 qualifies for the November ballot; join the coalition to defeat the tax

On June 6, the Oregon Secretary of State certified Initiative Petition (IP) 28, the $6 billion tax on Oregon sales, for the November ballot. IP 28 proposes a new 2.5 percent tax on the total Oregon sales – not profits – of businesses organized as C-Corps that generate $25 million or more in sales.
On June 6, the Oregon Secretary of State certified Initiative Petition (IP) 28, the $6 billion tax on Oregon sales, for the November ballot. IP 28 proposes a new 2.5 percent tax on the total Oregon sales – not profits – of businesses organized as C-Corps that generate $25 million or more in sales. This costly and damaging proposal is the largest tax increase in the state’s history and comes with no guarantee for how the money will be spent. IP 28 would create huge new taxes on many products sold in Oregon, as well as on services provided by Oregon employers, even if those services are sold around the world. Because it is a tax on sales, rather than profits, the tax will ultimately be borne by families and small businesses through increased costs for everyday items like utilities, groceries, medicine, insurance and gasoline. A recent report by the state’s nonpartisan Legislative Revenue Office shows that the tax is regressive, most impacting those with the least ability to pay and that it will negatively impact job growth. The Alliance has joined the Defeat the Tax on Oregon Sales coalition, a group of hundreds of Oregon consumers, taxpayers, small and medium-sized businesses, associations and organizations who have come together to oppose this tax proposal. Alliance members are encouraged to get involved at Defeat The Tax On Oregon Sales and connect with the campaign on Facebook and Twitter.