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AOI opposes big corporate tax increase plans

April 28, 2009

John Marshall
Associated Oregon Industries
Oregon’s Largests Business Lobby

Raising taxes on Oregon businesses in an economic recession and during a period of record unemployment makes no sense, was the message conveyed this week to the House Revenue Committee by AOI and other business community representatives.  The committee held a public hearing on four bills (HB 2119, HB 2913, HB 3049 and HB 3405) that increase the current $10 corporate minimum tax.  The proposals raise between $21 million and $120 million per year.  No action was taken on the bills, but behind-closed-door discussions are apparently being held to determine the structure and revenue impact of a corporate minimum tax increase measure.

AOI, in addition to highlighting the state’s current unemployment data and the negative impact a tax increase on businesses would have on Oregon’s ability to recover from its current economic doldrums, told the committee that the current corporate minimum tax has always been intended to be a filing or administrative fee for processing corporate tax returns with no tax liability.  It is not and should not be used as a proxy for a privilege-of-doing business levy.

AOI’s testimony concluded by urging the committee to stop seeking ways to make businesses pay for their presence and rather to recognize and appreciate how much businesses’ presence in Oregon pays in terms of jobs, family incomes, tax revenue and community stability.

  
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Robert April 28, 2009

Raising taxes during this time of recession never did make sense to me either.

Sybella April 28, 2009

Employees do not need another excuse to not work. We already work with any of our employees who need to be gone for legitamate reasons. We are currently working on a way to move our business out of oregon and into another state that recognizes the need for business.

A business is not rich because it goes through a lot of capital. If even 2per cent of that sticks we are doing well. The rest goes to product purchases, employment and government already. Many busines owners do not even see minimum wage.

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