The Multnomah County measure to impose a capital gains tax to hire lawyers and provide assistance to people facing eviction was being soundly defeated in early special election returns.
The Multnomah County measure to impose a capital gains tax to hire lawyers and provide assistance to people facing eviction was crushed at the May 16 special election.
Measure 26-238 — a capital gains tax in Multnomah County appearing on the May ballot — is a poorly written mechanism for preventing homelessness: expensive administrative costs, an unproven funding
The Black Business Association of Oregon (BBAO) is committed to achieving sustainable, lasting economic equity through the ups and downs of our economy. We focus on growing Black businesses, entrepreneurs, students, and communities in the state of Oregon. For us, economic equity is not just a catchphrase, but a critical goal that we pursue with passion and determination. Unfortunately, Measure 26-238, a proposed local capital gains tax, runs counter to this goal. This proposed tax creates new barriers to success for Black-owned businesses who too-often face economic inequities that are rooted in historic and ongoing systemic racism. This tax is unfair and a burden on Black business owners in an already-challenging economic environment.