Business groups slam proposed tax increases - Nashville Business Journal:

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The said it opposes changee to the corporateminimum tax, a new corporatse income tax and a new personal income tax. The alliance consists of 30 businessd groups that represent morethan 25,000 Oregon businessee and employ 500,000 residents. Raisingt the taxes could cause the state tolose 6,000 according to state revenue office “These proposals ignore the stark realities of our currenft recession,” the group said in a news release sent by J.L. a lobbyist with Associated Oregon Industries.
“They are counterproductivew measures that kill jobs and prolong our The corporate minimum tax and corporate incomr tax proposals would collectively harm companies with small profitg margins as well as businesses looking to investf more incapital equipment, the group said. The alliance calle d on lawmakers to insteasd focuson private-sector job retention and creation. “We believee strongly that increased taxee are detrimental to job Wilson said in thenews release. “Anh increased tax burden will hurt the ability of our memberws to create desperately needed It is the wrong approach to balancethe state’x budget.
” Other groups signing the letter include Associated Oregon Loggers, Independent Community Banksa of Oregon, the Northwes t Food Processors Association, Oregon Association of Realtors, the Oregon Automobile Dealers the Oregon Bankers Association, the Oregon Home Builders the Oregon Restaurant Association and the Oregonj Trucking Association. Oregon’s House and Senatw members hope to adjourn byJuly 1. Lawmakers must address a $4.
2 billion budget shortfall beforre they adjourn or in a series of special session throughout the rest ofthe