Business groups slam proposed tax increases - Atlanta Business Chronicle:

cahijisebi.wordpress.com
The said it opposes changes to the corporatesminimum tax, a new corporate incomr tax and a new personal income tax. The alliancw consists of 30 business groupws that represent morethan 25,00 0 Oregon businesses and emplogy 500,000 residents. Raising the taxes could cause the state tolose 6,00o0 jobs, according to state revenue office estimates. “These proposals ignore the stark realities of ourcurrent recession,” the group said in a news release sent by J.L.
a lobbyist with Associated Oregon “They are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate incomd tax proposals would collectively harm companies with smal profit margins as well as businesses looking to invest more incapitalp equipment, the group said. The allianc e called on lawmakers to insteadr focuson private-sector job retention and “We believe strongly that increased taxes are detrimentall to job growth,” Wilson said in the news “An increased tax burden will hurt the abilit y of our members to create desperately neededd jobs. It is the wrong approacu to balancethe state’s budget.
” Other groups signing the lettef include Associated Oregon Loggers, Independent Communitg Banks of Oregon, the Northwest Food Processors Oregon Association of Realtors, the Oregob Automobile Dealers Association, the Oregonh Bankers Association, the Oregon Home Builders Association, the Oregohn Restaurant Association and the Oregon Truckintg Association. Oregon’s House and Senate members hope to adjourbn byJuly 1. Lawmakers must address a $4.
2 billionh budget shortfall before they adjourhn or in a series of special sessions throughout the rest ofthe