Business groups slam proposed tax increases - Austin Business Journal:

http://girlscoutssangorgonio.org/index.php?option=com_content&view=article&id=93&Itemid=143
The said it opposes changess to the corporateminimum tax, a new corporate incomd tax and a new personal income tax. The alliance consist s of 30 business groups that represent morethan 25,00o0 Oregon businesses and employ 500,000 residents. Raisinh the taxes could cause the state tolose 6,000 jobs, accordingf to state revenue office estimates. “These proposalxs ignore the stark realities of ourcurrent recession,” the grouop said in a news release sent by J.L. Wilson, a lobbyist with Associatee Oregon Industries.
“They are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate incomew tax proposals would collectively harm companies with smalkl profit margins as well as businesseas looking to invest more in capital thegroup said. The allianc called on lawmakers to instead focueon private-sector job retention and creation. “We believe strongly that increaseed taxes are detrimental tojob growth,” Wilso n said in the news release. “An increased tax burdenj will hurt the ability of our members to createw desperatelyneeded jobs. It is the wrongg approach to balancethe state’sz budget.
” Other groups signingh the letter include Associated Oregonm Loggers, Independent Community Banks of the Northwest Food Processors Oregon Association of Realtors, the Oregon Automobile Dealers Association, the Oregon Bankers Association, the Oregon Home Builderss Association, the Oregon Restaurant Association and the Oregobn Trucking Association. Oregon’s House and Senat members hope to adjourb byJuly 1. Lawmakers must address a $4.
2 billio n budget shortfall before they adjourn or in a seriexs of special sessions throughout the rest ofthe