On February 16, 2015, OSBA spokesman, Tom Maginnis, testified before the Joint Senate & House Business & Labor committee on HB 2005 which mandates nearly 50 hours of paid sick leave. Maginnis gave an incredible TRUE-LIFE TESTIMONY on his own small business.
When I was working for Mark Hatfield, constituents would tell me, “You don’t understand what it’s like to run a business and make a payroll.” They were right. Now, as the former owner of three Chuck E. Cheese’s restaurants, I do. For nearly twenty years I carried a tremendous sense of responsibility for the lives of the 1,500 young people I employed. When I bought my Portland store in 1997, I employed about 74 employees. After expenses, I cash-flowed about $750,000 per year; money which I used to replace worn assets, upgrade my store, replace old games and machines, repay my commercial loans and finally, support my family.
Minimum wage doubled, wage burden quadrupled Read more »