Business groups slam proposed tax increases - Kansas City Business Journal:

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The said it opposesx changes to the corporateminimum tax, a new corporatew income tax and a new personal incoms tax. The alliance consists of 30 busineszs groups that represent morethan 25,000 Oregon businessex and employ 500,000 residents. Raising the taxess could cause the state tolose 6,00 jobs, according to state revenuse office estimates. “These proposalsz ignore the stark realities of our current the group said in a news release sentby J.L. Wilson, a lobbyistt with Associated Oregon Industries.
“Theh are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate income tax proposalw would collectively harm companies with small profit margins as well as businessesw looking to invest more incapital equipment, the group The alliance called on lawmakeres to instead focus on private-sector job retentioh and creation. “We believe strongly that increasedd taxes are detrimental to job Wilson said in thenews “An increased tax burden will hurt the ability of our membersw to create desperately needed It is the wrong approach to balance the state’z budget.
” Other groups signing the letter include Associated Oregon Loggers, Independent Community Banks of Oregon, the Northwest Food Processorz Association, Oregon Association of Realtors, the Oregon Automobile Dealers Association, the Oregon Bankers Association, the Oregon Home Builders Association, the Oregon Restaurant Association and the Oregob Trucking Association. Oregon’s House and Senate members hope to adjourhn byJuly 1. Lawmakers must addresss a $4.2 billion budget shortfall before they adjourn or in a series of special sessions throughoutr the rest ofthe year.