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Ag groups: Gross receipts tax would be hard on farmers

Monday, July 11, 2016   (0 Comments)
Posted by: Elizabeth Peters
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A story in the Portland Tribune newspaper explores how the IP 28 -- a union-backed gross receipts tax proposal slated for the November ballot -- will affect the agriculture industry.

 

The story gives an in-depth look at the impacts the proposal would have on Wilco, a local company with farm stores, agribusiness and fuel services.

 

"Under Initiative Petition 28, Mt. Angel's Wilco farm supplies and fuel cooperative faces a 1,388-percent increase in its state corporate income tax bill," Chief Executive Officer Doug Hoffman told the paper.

 

"The impact of the tax could be felt at every point of sale, as suppliers and retailers increase prices to cover their additional costs. The gas and diesel that Wilco sells, for instance, changes hands several times before it gets to the end consumer," raising the cost as much as seven percent, according to Hoffman.

 

"That will impact farmers who have to drive their products to market. The tax also will drive up the cost of fertilizer, farming equipment and other necessities for producing and selling a crop," said Dave Dillon, executive vice president of Oregon Farm Bureau. 

 

“We are going to have folks out of work, and there isn’t going to be an economy to pick them up,” said Katie Fast, executive director of Oregonians for Food and Shelter.

 

Read the full story here.


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