NFIB/Oregon encourages you to take action and join the coalition to defeat Initiative Petition 28, the proposed $6 billion tax on the sales of products and services sold in Oregon, by far the largest tax increase in state history.
There is no cost to become a coalition member—and joining the coalition might just save you, and millions of Oregonians, a significant amount of money in the long run.
Proponents for this initiative submitted far more than the minimum number of signatures required and we fully expect to see it on the November ballot.
More than 90 percent of our members voted to oppose this costly and damaging initiative in April because we know that big, out-of-state corporations won’t pay for this tax alone—we as small-business owners will pay the tax in the form of higher prices for the products and services we buy to operate our businesses.
Even worse, there is no plan to spend the new $6 billion in taxes—an increase of over 30 percent, giving a gigantic blank check to our state government to spend the money however they want.
This measure would increase the costs for products and services our members purchase every day, like wholesale products, food, utilities, fuel, paper products and insurance premiums.
You may have seen that the Oregon State Legislature’s non-partisan Legislative Revenue Office (LRO), which evaluates tax proposals, issued its independent analysis of IP 28 in late May. This analysis showed how Oregon consumers and small businesses would foot the bill for the lion’s share of the new $6 billion tax increase—the largest in Oregon history.
This non-partisan study found:
- The impact on the Oregon economy would be staggering. The report estimates that more than 38,000 private sector jobs would be lost as a result of this measure. The report states, “Our economic simulation shows that if IP28 becomes law it will dampen income, employment and population growth over the next 5 years.”
- The report confirms that IP28 would especially hurt lower-income Oregonians. The LRO report confirms that most of money raised by IP28, if passed, would come out of the pockets of Oregon consumers, as well as Oregon small- and medium-sized businesses, in the form of higher prices for almost everything we buy. “The impact of IP28 on consumer prices means that the marginal impact of the tax will be regressive,” the report states. According to the report, Oregonians hit hardest by the tax would be those earning less than $21,000 a year.
Defeat the Tax on Oregon Sales is the coalition of over 550 Oregonians and Oregon companies formed to defeat this tax. Join the coalition today, and help us tell Oregonians that IP 28 will raise prices for products and services that we all buy every day.
