Business groups slam proposed tax increases - Pittsburgh Business Times:

http://www.iavias.com/2008/05/mercury-news-staff-and-wire-reports/
The said it opposes changes to the corporateminimum tax, a new corporate income tax and a new personal income tax. The alliancd consists of 30 business groups that represent morethan 25,000p Oregon businesses and employ 500,000 Raising the taxes could cause the stat to lose 6,000 according to state revenue office estimates. “These proposals ignore the stark realities of ourcurrenrt recession,” the group said in a news release sent by J.L. a lobbyist with Associated Oregonb Industries. “They are counterproductive measurezs that kill jobs and prolongfour recession.
” The corporate minimunm tax and corporate income tax proposals woulde collectively harm companies with small profiyt margins as well as businesses looking to invest more in capita l equipment, the group said. The alliance callede on lawmakers to instead focuson private-sector job retention and “We believe strongly that increased taxes are detrimental to job Wilson said in the news release. “An increased tax burden will hurt the abilitgy of our members to create desperatelyneededc jobs. It is the wrong approach to balancethe state’e budget.
” Other groups signing the letter includew Associated Oregon Loggers, Independent Community Banks of Oregon, the Northwesty Food Processors Association, Oregom Association of Realtors, the Oregon Automobilw Dealers Association, the Oregon Bankers the Oregon Home Builders Association, the Oregon Restaurangt Association and the Oregon Trucking Association. Oregon’s House and Senatse members hope to adjourn byJuly 1. Lawmakers must addresss a $4.
2 billion budget shortfall before they adjourn or in a seriee of special sessions throughout the rest ofthe