Chart dispels both Measure 118 and Kamala’s plan

By Taxpayers Association of Oregon
OregonWatchdog.com

As Oregon considers Measure 118’s 3% tax on business this November, you can see how grocery stores which are running at 1.2% profit margin will be smashed by a new tax.   These 1.2% grocery store profit margins are compared to 7% to 8% for most other industries.

Measure 118, if passed,  will surely spike grocery prices even higher.  It may even knock out many grocery stores out of business, just like the 2019 Oregon Corporate Activities tax.  This big tax knocked Bi-Mart’s pharmacies out-0f-business.

At the same time, Kamala Harris has floated her plan to enact price controls because of the inflation that she helped cause.  Remember, the Biden-Harris administration pushed for nearly $5 trillion in extra spending projects during their term.   These price controls will be a disaster for small 1.2% grocery small profit margins.

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