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I'm strongly in favor of 117. I like 118 in theory, but after reading it, I voted against it, because I think the end result would be to damage small Oregon businesses, while large conglomerates would be fine. I don't want Walmarts to be the only businesses that can afford to operate here.
Well, I don't think anyone making more than $25 million a year is a "small business", that's $68,493.15 a day...
It's still an awful idea, but the idea that it would hurt small business is a smoke screen. :)
I buy all my supplies from companies making more than 25m, who buy from other companies making more than 25m, and so on. My COGS will go up a minimum of 3%, more than likely closer to 10% when you compound the entire supply chain. I don't care that I won't pay into the general tax fund, but I sure as hell care that I'll have to convince my retail customers to pay 10% more on my products after already struggling with inflation cost increases the last few years.
Yeah, the ultra wealthy are always claiming that if they have to pay their fair share then all of society will suffer. 🙄 118 honestly sounds fine to me, but the array of groups I trust that were against it gave me pause. I voted no, hoping to avoid another case of doing the right thing the wrong way.