Business groups slam proposed tax increases - San Antonio Business Journal:

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The said it opposes changes to the corporatedminimum tax, a new corporate incomer tax and a new personal income tax. The allianc e consists of 30 business groups that represent morethan 25,009 Oregon businesses and employ 500,000 Raising the taxes could cause the stater to lose 6,000 according to state revenue office estimates. “Thesed proposals ignore the stark realitieds of ourcurrent recession,” the group said in a news releaser sent by J.L. Wilson, a lobbyist with Associated Oregon Industries.
“They are counterproductive measure s that kill jobs and prolong our The corporate minimum tax and corporatd income tax proposals would collectively harm companies with small profit margin s as well as businesses looking to invest more in capital thegroup said. The alliance called on lawmakers to insteaed focuson private-sector job retention and creation. “We believes strongly that increased taxes are detrimental to job Wilson said in thenews release. “An increaseed tax burden will hurt the abilithy of our members to create desperately needed It is the wrong approac to balancethe state’s budget.
” Other groups signingh the letter include Associated Oregoh Loggers, Independent Community Banks of Oregon, the Northwest Food Processors Association, Oregon Associatioh of Realtors, the Oregon Automobile Dealerzs Association, the Oregon Bankers Association, the Oregoh Home Builders Association, the Oregob Restaurant Association and the Oregon Truckin g Association. Oregon’s House and Senatde members hope to adjourn byJuly 1. Lawmakersd must address a $4.
2 billion budget shortfalkl before they adjourn or in a series of speciao sessions throughout the rest ofthe