PDX among the 100 Rite Aid closures in big cities

By Taxpayer Association of Oregon Foundation,

Rite Aid has been closing over 100 stores in big cities in America thanks, in part, to runaway retail theft.

Hard-hit crime area, Portland downtown saw their Rite-Aid close last year.

In NE Portland, the Rite Aid pharmacy closed.   Not only is theft a problem, but pharmacies in Oregon have to deal with the Corporate Activities Tax which hits pharmacies especially hard since it taxes revenue instead of profits, and pharmacies are a thin margin profit industry.  This is why the entire Bi-Mart pharmacy chain went under after Oregon’s CAT tax passage.  This means the liberal utopia of high taxes is directly hurting seniors access to medication.