Shouldn’t small business get the same tax advantages as big Wall Street Firms?
The Oregon Small Business Association, through the Local, Family & Small Business Fairness Act PAC, submitted sponsorship signatures to the Oregon Secretary of State Elections Division on May 18th for Initiative Petition 2, for the 2020 November General Election. The measure seeks to make all tax rates, calculations and loopholes afforded to the largest publicly-traded companies automatically available for small and family businesses. The ballot measure is in response to Senate Bill 1528, which eliminated tax relief for Oregon’s smallest businesses, while providing the wealthiest Oregonians new tax credits to avoid paying higher federal tax liability.
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