Salem Chamber Urging a No Vote on Measure 118
Measure 118 proposes a 3% tax on businesses with gross Oregon sales exceeding $25 million per year. This tax would be levied on sales, not profits, meaning businesses would be required to pay it whether they are profitable or not. Additionally, the tax would apply at every stage of production and sales, potentially leading to multiple layers of taxation before a product reaches the consumer, further increasing costs.
Measure 118 would impose a massive $6.8 billion tax on sales in Oregon, driving up costs on essentials like food, medicine, and other everyday items for consumers. This measure would also make Oregon businesses less competitive, harming local employers and eroding job growth across the state.
The Salem Chamber believes that Measure 118 could result in job losses, wage reductions, and make Oregon’s cost of living even higher, with the most severe impact falling on those least able to afford it, such as seniors and families on fixed incomes.
We strongly encourage all members and partners to join the coalition opposing Measure 118, as individuals and as businesses, and to support the campaign against this harmful measure.