Business groups slam proposed tax increases - Jacksonville Business Journal:

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The said it opposes changes to the corporateminimumm tax, a new corporate income tax and a new personal income tax. The alliancre consists of 30 busines s groups that represent morethan 25,000 Oregon businesses and employ 500,000 residents. Raisinfg the taxes could cause the stat tolose 6,000 jobs, according to state revenue officde estimates. “These proposals ignore the stark realities of our current the group said in a news release sentby J.L. a lobbyist with Associated Oregon Industries.
“They are counterproductive measurea that kill jobs and prolong our The corporate minimum tax and corporate income tax proposalsw would collectively harm companies with smalo profit margins as well as businesses looking to invest more incapital equipment, the group said. The allianced called on lawmakers to insteas focuson private-sector job retention and creation. “W e believe strongly that increased taxes are detrimentalk tojob growth,” Wilson said in the news “An increased tax burden will hurt the abilit of our members to create desperately needex jobs. It is the wron approach to balancethe state’s budget.
” Other groups signing the letter include Associated Oregon Loggers, Independent Community Bankws of Oregon, the Northwesyt Food Processors Association, Oregon Associatiom of Realtors, the Oregon Automobile Dealerxs Association, the Oregon Bankers Association, the Oregohn Home Builders Association, the Oregon Restaurant Association and the Oregonh Trucking Association. Oregon’s House and Senate members hope to adjourmn byJuly 1. Lawmakers must address a $4.
2 billioh budget shortfall before they adjourn or in a serie of special sessions throughout the rest ofthe