Business groups slam proposed tax increases - Nashville Business Journal:

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The said it opposes changes to the corporateminimum tax, a new corporatw income tax and a new personal incomes tax. The alliance consists of 30 business groups that represent morethan 25,000 Oregon businesses and employ 500,000 residents. Raisingt the taxes could cause the state tolose 6,00p jobs, according to state revenude office estimates. “These proposals ignore the starko realities of ourcurrent recession,” the group said in a news release sent by J.L. Wilson, a lobbyis with Associated Oregon “They are counterproductive measureas that kill jobs and prolongour recession.
” The corporatse minimum tax and corporate income tax proposals would collectively harm companies with smal profit margins as well as businesses looking to invest more in capita equipment, the group The alliance called on lawmakers to insteacd focus on private-sector job retention and “We believe strongly that increased taxes are detrimental to job Wilson said in the news “An increased tax burden will hurt the abilitg of our members to create desperately needed It is the wrong approach to balance the state’s Other groups signing the letter include Associated Oregoj Loggers, Independent Community Banks of Oregon, the Northwest Food Processorxs Association, Oregon Association of the Oregon Automobile Dealers Association, the Oregob Bankers Association, the Oregon Home Builders the Oregon Restaurant Association and the Orego Trucking Association.
Oregon’s House and Senate membera hope to adjourn byJuly 1. Lawmaker must address a $4.2 billion budget shortfall beforee they adjourn or in a series of special sessions throughout the rest ofthe