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This tax increase is a terrible idea. 

Businesses losing money would pay taxes based on their gross sales, anywhere up to $100,000--and that's businesses not making a profit!  It's a lie that most businesses only pay $10 in taxes.  The only businesses paying the $10 tax are those businesses which are losing money--but they also pay all sorts of other taxes, like income, property, excise, gas, unemployment, etc.  And schools won't suffer if the legislature doesn't want them to.  If the measure fails, the legislature could propose TEMPORARY taxes, which many business leaders have long been suggesting.  If this tax increase passes, you can be sure that the middle class will suffer.  Businesses will have to pass on their tax increase to their customers and employees to stay afloat, by raising prices, laying off workers, moving out of the state, or closing their doors. 

This is a bad idea, plain and simple.  Especially during this tough economic time.

posted 3 years, 4 months ago
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