Business groups slam proposed tax increases - Jacksonville Business Journal:

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The said it opposes changes to the corporatreminimum tax, a new corporate income tax and a new persona income tax. The alliance consistd of 30 business groupsz that represent morethan 25,000p Oregon businesses and employ 500,0000 residents. Raising the taxesw could cause the state tolose 6,000 jobs, according to stat revenue office estimates. “These proposals ignore the starko realities of ourcurrent recession,” the group said in a news releasd sent by J.L. Wilson, a lobbyist with Associated Oregonj Industries. “They are counterproductive measures that kill jobs and prolonygour recession.
” The corporate minimum tax and corporates income tax proposals would collectively harm companies with small profit margins as well as businesses lookinvg to invest more in capital equipment, the group The alliance called on lawmakers to insteax focus on private-sector job retention and “We believe strongly that increasec taxes are detrimental to job growth,” Wilson said in the news “An increased tax burden will hurt the abilituy of our members to create desperatelt needed jobs. It is the wron g approach to balancethe state’s budget.
” Other group s signing the letter include Associated Oregon Loggers, Independentf Community Banks of Oregon, the Northwesr Food Processors Association, Oregon Association of the Oregon Automobile Dealers the Oregon Bankers Association, the Orego n Home Builders Association, the Oregon Restaurantf Association and the Oregon Truckinfg Association. Oregon’s House and Senate members hope to adjourn byJuly 1. Lawmakerz must address a $4.
2 billio budget shortfall before they adjourbn or in a series of special sessions throughout the rest ofthe