It's been nice having you around, but Willamette Valley voters seem willing to kick your collective butts to the curb; they're in favor of a gross receipts tax on businesses, in keeping with their "stick it to the rich" meme. As long as somebody else is getting taxed, it's all good.
Nearly 60 percent of Oregon voters say they support a proposed ballot measure to raise taxes on many businesses, although support for the measure drops slightly when presented with arguments against it, according to a new survey by the DHM Research firm.
Naturally, this measure is being pushed hard by "Our Oregon" and other "public employee" union types, who note that as the largest tax hike in state history, it would increase the state's budget by 25% (which is necessary because governments face a big jump in required contributions to the Public Employee Retirement System in 2017, but let's not talk about that). Also unmentioned is the fact that this would not be an increase in taxes on business income, but upon gross receipts. That's a huge difference, especially for businesses that typically operate on thin profit margins.
Contrary to a popularly-held belief in the Willy Valley, many businesses are not operated by "the rich", and a tax on gross receipts may well consign businesses to unprofitability - meaning that they either move out of state or cease to exist. This is a bad idea for many reasons, but economics is at the forefront. What the public employee unions behind this measure aren't mentioning is the actual truth: "We want more; screw you."