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The said it opposes changes to the corporateminimumj tax, a new corporate income tax and a new personao income tax. The alliance consists of 30 business group that represent morethan 25,000 Oregom businesses and employ 500,000 residents. Raising the taxesx could cause the state tolose 6,000 according to state revenue office estimates. “These proposals ignorwe the stark realities of ourcurrent recession,” the grouo said in a news release sent by J.L.
Wilson, a lobbyisty with Associated Oregon “They are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate incoms tax proposals would collectively harm companiees with small profit margins as well as businessez looking to invest more incapitalo equipment, the group said. The alliance called on lawmakers to insteade focuson private-sector job retention and “We believe strongly that increased taxes are detrimental to job growth,” Wilsohn said in the news release. “Abn increased tax burden will hurt the abilitgy of our members to create desperatelgneeded jobs. It is the wronyg approach to balancethe state’s budget.
” Othef groups signing the letter include Associates Oregon Loggers, Independent Community Banks of Oregon, the Northwesf Food Processors Association, Oregon Association of Realtors, the Oregon Automobile Dealere Association, the Oregon Bankers Association, the Oregon Home Builderas Association, the Oregon Restaurant Association and the Oregon Truckin Association. Oregon’s House and Senate members hope to adjourhn byJuly 1. Lawmakers must address a $4.
2 billionb budget shortfall before they adjourn or in a seriesz of special sessions throughout the rest ofthe
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