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$1 billion small business tax before Gov. Brown

March 7, 2018


The following comment was issued by Anthony Smith, Oregon state director for the National Federation of Independent Business, following the vote on Senate Bill 1528, which increased taxes on small business by more than $1 billion over six years.

“Oregon doesn’t need this bill to balance its budget. The Legislature has chosen to keep all the parts of the federal tax reform that raises state revenues for itself, while taking away the one part that specifically benefits small businesses in Oregon. Perhaps the governor should consider un-capping her veto pen.

“With the passage of SB 1528B these sole proprietorships, partnerships, LLCs, and S-corps are losing out on tax savings that they would otherwise have to invest in their businesses and their employees. What a sad turn of events it is to see Oregon, once a pioneer in recognizing the importance of providing tax relief to small businesses, now take back that relief for itself.

“Oregon’s Small Business Tax Cut, created as part of the ‘Grand Bargain’ in 2013, benefits about 22,000 Oregon tax filers. But according to the U.S. Small Business Administration, there are over 357,000 small businesses in Oregon – and the overwhelming majority of them are pass-through entities. Connecting to the federal tax code helps these businesses. SB 1528B doesn’t.”

According to the non-partisan Legislative Revenue Office, SB 1528B raises $244.4 million in 2017-19, $376.7 million in 2019-21, & $427.4 million in 2021-23, a total of more than $1 billion in additional revenue that is not part of the most recent state revenue forecast.

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Discuss this article

Bob Clark March 7, 2018

Governor Kate Brown believes in big over the underdog. She help Comcast as Secretary of State; and her campaigns through the decades feed off of state public employee union donations and these same public employee unions as a result dominate the state’s governance.

Larry Sparks March 7, 2018

Why does any small business owner and employees vote for Democrats that want to put them out of business. The profit margins for any small business is very narrow, now the Democrats and Governor Kate Brown wants to tax them into bankruptcy.

Small Business owners must get the message out that Democrats are basically dishonest and want to destroy what you have created.

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