The Chamber surveyed business owners and members twice in the last eight months on the issue. Their results showed that 73 percent of those surveyed opposed both a payroll and net profit tax for various reasons.
An overwhelming majority of Chamber members have concerns over the net profit tax implementation, privacy, and accuracy of the amount garnered.
With nearly $2 million in new tax funds created, no economic return on investment has been shown. Members said consumer spending of that same amount produces a multiplier effect creating economic impact for businesses and the community.
Members said there has been a lack of community vetting and support from businesses and individuals on the proposal, potential funds use, and previous implications of being revenue neutral.
The Chamber said it would like to see alternative options that do not place a burden on business owners and their operations, minimizes the impact on discretionary income and consumer spending, while showing an economic return on investment from any future tax increases.
