The city collects a 2.2% tax on business income, and today Streetcar announced that he wants to increase that. The city council has already mandated that businesses provide a minimum of a week of paid time off for employees, and Democratics in Salem have mandated a $15 minimum wage for employees throughout the Portland metropolitan area. Public employee unions have a measure out to tax businesses 2.5% of gross receipts as well, so businesses could conceivably be paying taxes both on gross receipts and on income, if the Leftists get their way. Businesses in the Tri-County area also have to pay a tax to Tri-Met on payroll, and Tri-Met just raised that tax.
Now come PSU; they want a payroll tax just like Tri-Met's! An old college buddy established his law practice in North Portland a few years back, and he wasn't too happy about the Tri-Met payroll tax he has to pay, as he's the sole employee. The PSU plan should really make his day.
The court ruling means campaign organizers may now start collecting signatures to put the payroll tax on the ballot in November. Supporters need 34,164 signatures by July 26.
"It's full steam ahead," said Karen Pelland, spokeswoman for the Campaign for PSU. "We're committed to making this a reality."
Couple these taxes with Streetcar Charlie's plan to increase business taxes in the city, and I'd not be surprised if he relocated his legal practice to a more reasonable environment. It's almost as though the Lefties here are doing everything in their power to push businesses out, and they don't actually seem capable of thinking things through: relocated business = no employees = no tax revenue.