Gretchen B. Allen is a CPA and a resident of Astoria.
Suzanne Weber is accused by her opponent Debbie Boothe Schmidt of wanting to reduce school funding because of her stance on the Student Success Act or Corporate Activity (CAT Tax) affecting Oregon’s small businesses. As a business consultant and tax preparer, I take issue with this accusation.
In my tax practice, I already see the effects of this tax on our small businesses. Debbie’s partisan rhetoric response that this will make large corporations finally pay their fair share and provide money for education proves how little she understands this tax and its implementation. ALL business, not just corporations as the name implies, with over $1 million in gross receipts are subject to the tax. When applying a tax to gross receipts, $1 million is . . .
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