Retroactive tax is just bad bad bad…. as is a tax on Gross … even our state rep. up here said taxing on Gross receipts was wrong….

I think it’s a matter of mostly the lower income brackets voting yes thinking they were going to “get” the higher income brackets… and as we know here in OR, there are more lower income brackets than higher…. and it’s a case of anyone with a vote, working or not, gets to vote to tax the most productive income producers as a punishment…… never thinking that it is going to turn around and bite the lower income brackets the most with the raises in groceries and services and more lost jobs. Funny how that works….

The other big segment here was the unions voting yes… schools and government mostly…. to keep their raises in tact etc… And we all know how big a percentage they are also in Oregon…. too much …. oh, don’t get me going on this one!

Keep taxing the producers and they’ll eventually give up or move elsewhere….. then where will all the takers get their grub from?

Sooooo short sighted…. There is NO incentive for people to try to make more money when they are going to lose it to taxes anyway…

The company I work for will be cutting back…. no new hires, and the retiree spots will not be filled til we creep out from under this retro active tax ‘surprise!”……. what a mess! AND>>>> our rates WILL be going up…. and as we are in TRUCKING….the costs of things we haul will go up… pass thrus, ya know!

Most everything is hauled by trucks…. especially gas and groceries!

I definitely agree with you….. here comes the next recession all over again here in Oregon….. and it will be WORSE than the one we just came thru! And sadly, self-inflicted….

KC’s company, although based and licensed in Washington, must pay Oregon business taxes. I won’t give numbers, because I don’t have that right, however, they currently, before the new taxes, pay MUCH more than $10, it is actually a 4 figure number. And now they will have to pay more taxes.

And as an example, that makes a lot of sense. You have a family run dairy farm that is local. They are now going to have to come up with about $150k in taxes, for this year, that wasn’t budgeted for (like Lynnae was pointing out above). Where is that going to come from? Is it likely that they are going to be able to minimze their cost of doing business? Not likely. So what will happen? The prices of the items they sell is going to have to be raised. So that gallon of milk that you are currently buying for $1.98 (if you are lucky) is going to start going up. Will it go up by multiple dollars? Probably not right away, but I know when I bought my milk last night, it was 11 cents more than it had been the week before. Many people have started calling it the “shadow poor tax”, as that is who it is also going to effect. Anyone that purchases the products from those local companies.