I told employers to get in touch with me about how M 66 & 67 affect them. Here’s what I got this afternoon:
Dear Speakers Hunt and Courtney:
Because of the “Anti-Business” attitude in Salem, my business as a C-Corp will see our tax liability TRIPLE due to the passage of Measure 67. Oh wait, that was for 2009, because in 2010 URS would have had no tax liability due to being unprofitable for the 2010 tax year.
We just reduced our labor force 10% (~2 FTE), so that URS can pay the Measure 67 taxes due and attempt to reach breakeven.
Since you stated in a recent TV interview, that the passage of Measure 67 would not affect the middle class. What do I tell the employee’s (Average Salary of $42K plus 100% health care coverage), whose hours are being reduced from 40/wk to 35/wk, that don’t worry Measure 67 won’t affect you. I am sure they will understand when their paycheck is 10% smaller!
Tell ’em where you saw it. Http://www.victoriataft.com