It is vitally critical that chambers respond to the Action Alert on HB 3427, the $2 billion gross receipts tax on Oregon businesses. We have very little ability to impact this debate unless Chambers show up!
HB 3427 is the wrong approach for Oregon
We’ve reached the mid-point of the 2019 Legislative Session with the clear theme of generating revenue. You name it, there’s a tax for it.
HB 3427 would generate $2 billion in NEW revenue to fund proposed education priorities. The goal is laudable but the mechanism is not. A gross receipts tax, as proposed in HB 3427, is one of the most regressive taxing mechanisms. If this bill passes, local businesses and consumers will be subject to pyramiding of taxes up and down the supply chain and increased costs that are certain to stifle Oregon’s economy.
Enough is enough! The total cost of proposed taxes, programs and fees being considered by the 2019 Legislature is $5.67 billion over the next two years. That is too great a burden on local Oregon businesses.
Tell Oregon legislators that HB 3427 is the wrong approach for Oregon!