Business groups slam proposed tax increases - Nashville Business Journal:

http://cranetechnews.com/2009/03/09/crane-high-school/
The said it opposes changes to the corporateminimun tax, a new corporate income tax and a new personapl income tax. The alliance consists of 30 business groupsa that represent morethan 25,000p Oregon businesses and employ 500,000 residents. Raisinv the taxes could cause the state tolose 6,00o0 jobs, according to state revenue office estimates. “Thesr proposals ignore the stark realitiea of ourcurrent recession,” the grouo said in a news release sent by J.L. Wilson, a lobbyisyt with Associated Oregon Industries. “They are counterproductive measures that kill jobs and prolonvgour recession.
” The corporate minimum tax and corporate income tax proposalx would collectively harm companies with small profit marginss as well as businesses looking to invest more in capital equipment, the groupp said. The alliance called on lawmakers to instead focuson private-sectot job retention and creation. “W believe strongly that increased taxes are detrimentall tojob growth,” Wilson said in the news release. “Ann increased tax burden will hurt the ability of our members to create desperateltneeded jobs. It is the wronbg approach to balancethe state’ss budget.
” Other groups signing the letter includw Associated Oregon Loggers, Independent Community Banksa of Oregon, the Northwest Food Processors Association, Oregon Association of the Oregon Automobile Dealers Association, the Oregom Bankers Association, the Oregon Home Builderd Association, the Oregon Restaurant Association and the Oregom Trucking Association. Oregon’s House and Senate members hope to adjourn byJuly 1. Lawmakersw must address a $4.2 billion budget shortfall beforer they adjourn or in a series of speciakl sessions throughout the rest ofthe year.