I buy all my supplies from companies making more than 25m, who buy from other companies making more than 25m, and so on. My COGS will go up a minimum of 3%, more than likely closer to 10% when you compound the entire supply chain. I don’t care that I won’t pay into the general tax fund, but I sure as hell care that I’ll have to convince my retail customers to pay 10% more on my products after already struggling with inflation cost increases the last few years.

the idea that it would hurt small business is a smoke screen.

Yeah, the ultra wealthy are always claiming that if they have to pay their fair share then all of society will suffer. 🙄 118 honestly sounds fine to me, but the array of groups I trust that were against it gave me pause. I voted no, hoping to avoid another case of doing the right thing the wrong way.