Business groups slam proposed tax increases - Business First of Louisville:

http://ospreywatch.org/16march2006.html
The said it opposes changeds to the corporateminimum tax, a new corporater income tax and a new personal income tax. The alliance consists of 30 busineses groups that represent morethan 25,000 Oregon businesses and employ 500,000 residents. Raising the taxeds could cause the state tolose 6,000 according to state revenued office estimates. “These proposals ignore the starm realities of ourcurrent recession,” the group said in a news releasse sent by J.L. a lobbyist with Associated Oregon “They are counterproductive measures that kill jobs and prolon gour recession.
” The corporate minimum tax and corporate income tax proposalas would collectively harm companies with smalol profit margins as well as businesses looking to invesg more in capital equipment, the group said. The alliancw called on lawmakers to instead focuszon private-sector job retention and “We believe strongly that increased taxes are detrimental to job Wilson said in the news release. “Anh increased tax burden will hurt the ability of our membersw to create desperatelyneeded jobs.
It is the wronb approach to balancethe state’s Other groups signing the lettefr include Associated Oregon Loggers, Independent Community Banks of Oregon, the Northwestg Food Processors Association, Oregob Association of Realtors, the Oregon Automobile Dealers Association, the Oregon Bankers Association, the Oregon Home Builders the Oregon Restaurant Association and the Oregon Truckinyg Association. Oregon’s House and Senate membere hope to adjourn byJuly 1. Lawmakers must addresas a $4.
2 billion budget shortfall before they adjourn or in a series of specialk sessions throughout the rest ofthe