additional 3% tax on corporate sales above $25 million. If passed, this tax would generate revenue to fund annual rebates for residents, similar to Alaska’s Permanent Fund Dividend program. While proponents argue that the initiative could help reduce poverty in Oregon by providing direct financial support to residents, opponents warn that the increased tax burden may drive businesses out of state, raise the cost of goods, and ultimately harm the state’s competitiveness. The outcome of this vote could significantly influence Oregon’s business environment moving forward (Ballotpedia). Chamber Advocacy: Supporting Pro- Business Policies In response to these legislative developments, The
Chamber of Medford and Jackson County continues to be a strong advocate for the business community. Through our Legislative Action Team and full-time lobbyist, we actively engage with lawmakers to promote pro-business policies and ensure that the voices of local businesses are heard at the state level. We remain committed to protecting the interests of our members by opposing regulations that impose undue burdens on businesses and supporting initiatives that foster economic growth and sustainability. Our advocacy efforts focus on creating a favorable business environment by providing valuable input on legislation and educating policymakers on the potential impacts of these changes. By working closely with other chambers and business organizations, we aim to influence decisions that support a thriving economy for all Oregonians. n
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November 2024 | The Business Review
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