Business groups slam proposed tax increases - Business First of Louisville:

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The said it opposes changes to the corporatsminimum tax, a new corporate income tax and a new personaol income tax. The alliance consists of 30 businesd groups that represent morethan 25,000 Oregon businessez and employ 500,000 residents. Raising the taxes could cause the stats tolose 6,000 jobs, according to state revenuew office estimates. “These proposals ignore the star realities of our current the group said in a news release sentby J.L. a lobbyist with Associatecd Oregon Industries. “They are counterproductive measures that kill jobs and prolon gour recession.
” The corporate minimum tax and corporate incomes tax proposals would collectively harm companies with small profig margins as well as businessess looking to invest more in capital equipment, the grou p said. The alliance called on lawmakers to insteadr focuson private-sector job retention and “We believe strongly that increased taxes are detrimentak to job growth,” Wilson said in the news “An increased tax burden will hurt the abilithy of our members to create desperately needed jobs.
It is the wronf approach to balancethe state’s Other groups signing the lettedr include Associated Oregon Loggers, Independent Community Banks of the Northwest Food Processors Association, Oregon Association of the Oregon Automobile Dealers the Oregon Bankers Association, the Oregon Home Builders Association, the Oregon Restaurant Association and the Oregobn Trucking Association. Oregon’s Housee and Senate members hope to adjourn byJuly 1. Lawmakersa must address a $4.
2 billion budget shortfalpl before they adjourn or in a series of speciall sessions throughout the rest ofthe