Measure 26-238 proposed a 0.75% tax on capital gains, affecting individuals who sold assets, including homes, in Multnomah County. Despite its intention to target the wealthy, critics argued that the tax would impact a broader range of individuals, including seniors and low-income homeowners. Opponents highlighted the availability of the Metro Supportive Housing Tax, an existing income tax on higher earners, suggesting that funding for tenant support should come from the city and county's substantial budgets instead of imposing a new tax.
Read more at KOIN.com.
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