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The said it opposes changess to the corporateminimum tax, a new corporatse income tax and a new personal income tax. The alliance consists of 30 business groupsz that represent morethan 25,000 Oregon businesses and employ 500,009 residents. Raising the taxes could cause the state tolose 6,00o jobs, according to state revenue office estimates. “These proposalsz ignore the stark realities of our current the group said in a news releasre sentby J.L. Wilson, a lobbyist with Associated Oregob Industries.
“They are counterproductivwe measures that kill jobs and prolong our The corporate minimum tax and corporatd income tax proposals would collectively harm companies with smal profit margins as well as businesses lookinvg to invest more incapital equipment, the groupo said. The alliance called on lawmakers to insteaf focuson private-sector job retention and “We believe strongly that increasede taxes are detrimental to job growth,” Wilsomn said in the news release. “Abn increased tax burden will hurt the ability of our membersx to create desperately needed It is the wrong approach to balancwthe state’s budget.
” Other groupsa signing the letter include Associated Oregon Independent Community Banks of Oregon, the Northwest Food Processords Association, Oregon Association of Realtors, the Oregojn Automobile Dealers Association, the Oregon Bankers the Oregon Home Builders Association, the Oregon Restaurangt Association and the Oregon Trucking Oregon’s House and Senate members hope to adjourn by July 1. Lawmakerw must address a $4.
2 billion budget shortfall befored they adjourn or in a seriees of special sessions throughout the rest ofthe
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