35 pharmacies close – thank the CAT tax

By Taxpayers Association of Oregon
OregonWatchdog.com

Last year 35 rural pharmacies in Oregon closed as noted by OPB.

Although the article mentions supply chain issues, we all know that supply chain issues are made worse when you have one of America’s only Corporate Activities Tax (also known as gross receipts tax) which taxes companies on their revenue instead of profits like most states.   The reason most states do not have such a tax is because it is deadly to small margin businesses like pharmacies, groceries and restaurants.  Lawmakers passed it in 2019 and the CAT tax has left a trail of destruction.

As we often post on this site, Bi-Mart upon closing all of their pharmacies issued a full page ad explaining their closing and cited the CAT tax as a chief reason.

 

— Was this helpful?  If so, Contribute online at OregonWatchdog.com (learn about a Charitable Tax Deduction or Political Tax Credit options to promote liberty).