but I thought the structure of the tax was strange. They tax sales, not profits. That seems a little unfair. The example the opponents use is of a tech startup that doesn't realize profits for several years; they'd have to pay the tax anyway, making them more likely to fail. However, I think such a startup would be unlikely to do $25 million of business in Oregon.
The other objection I keep hearing is that it's a "blank check" with no requirements the legislature spend it in a particular way. To which I say, DUH, that's what a legislature is for. I don't have a problem giving them more funds to allocate as they see fit. On the other hand, my party is in the majority and likely to remain so, so I'm more likely to trust them. I can see how Republicans might balk at that. But they claim that WE will be paying the tax, when it's the large corporations who will, only some of which will pass the costs along to Oregonians. Most businesses in Oregon will be unaffected. There may be some costs added throughout the system, but I expect them to be minor.
One voter guide I received recommended a YES vote on all initiatives for the first time in their history. They all sound pretty good.
Thanks for letting me ramble. I'd love to hear your comments on this.