We need to act now to create a progressive tax system that supports small businesses while providing resources for the city services that are needed for our communities to thrive.
The Lift Up Oakland Plan creates a modern, progressive tax system based on best practices from other cities in California.
- Small businesses with revenue under $250,000 would be provided relief, this includes 24,000 businesses many owned by women and people of color that are struggling to survive.
- Standardizes the business classification system.
- Removes the loopholes and tax exemptions.
- Creates a progressive tax system for all.
Small businesses cannot withstand drastic cuts to essential city services and survive.
A Goldman School of Public Policy, Analysis Project showed that small businesses consider public safety essential for profitability. The study also identified street maintenance and addressing the homelessness crisis as import to their success.
The Lift up Oakland plan will create a more progressive tax structure, support small business and provide the revenue the city needs to provide essential services.