{"id":8652505,"date":"2022-11-03T13:17:50","date_gmt":"2022-11-03T20:17:50","guid":{"rendered":"https:\/\/www.eastbaytimes.com\/?p=8652505&#038;preview=true&#038;preview_id=8652505"},"modified":"2022-11-05T11:52:43","modified_gmt":"2022-11-05T18:52:43","slug":"editorial-oakland-measure-t-would-hike-taxes-on-almost-all-businesses","status":"publish","type":"post","link":"https:\/\/www.eastbaytimes.com\/2022\/11\/03\/editorial-oakland-measure-t-would-hike-taxes-on-almost-all-businesses\/","title":{"rendered":"Editorial: Oakland Measure T would hike taxes on almost all businesses"},"content":{"rendered":"<hr \/>\n<p style=\"text-align: center\"><em><strong>Click <a href=\"\/endorsements\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a> for a complete list of our election recommendations. <\/strong><\/em><\/p>\n<hr \/>\n<p>Backers of Measure T in Oakland tout it as a progressive business tax. If only they had stopped there.<\/p>\n<p>Progressive taxation, in which those firms with larger receipts pay a tax at a higher rate, makes sense, especially in a city such as Oakland that strives to balance inequities and support small businesses.<\/p>\n<p>But Measure T is not a revenue-neutral redistribution of the business tax burden. It\u2019s a 21% increase in business tax revenues, from about $103 million a year under the current flat-rate system to about $124 million under the new proposal.<\/p>\n<p>Voters should reject Measure T.<\/p>\n<p>Large businesses will uniformly see their tax burdens increase, as much as nearly five-fold. As the city struggles to attract businesses and fill <a href=\"https:\/\/www.colliers.com\/en\/research\/san-francisco-bay-area\/oakland-office-market-research-report-q3-2022#:~:text=The%20Oakland%20Metropolitan%20area's%20office,and%20drop%20in%20office%20use.\">the office space<\/a> it has, making the city costlier to medium and large businesses is a risky strategy. Meanwhile, there\u2019s no tax reduction for the smallest of businesses in 10 of 14 categories.<\/p>\n<p>This isn\u2019t just a progressive redistribution of the tax burden, it\u2019s an increase for almost all businesses &#8212; with the extra money going into the general fund in a city with revenues that already <a href=\"https:\/\/www.oaklandauditor.com\/wp-content\/uploads\/2021\/06\/20210614_FINAL_Performance-Audit_City-of-Oaklands-Financial-Condition-for-FYs-2012-13-through-2019-20.pdf\">far exceed<\/a> similarly sized communities.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Vote no. Backers tout it as a progressive measure but there are few benefits for small companies.<\/p>\n","protected":false},"author":878,"featured_media":8652506,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"subheadline":"Vote no. 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