Business Alliance joins corporate tax fray - The Business Review (Albany):

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The proposal, put forward by House and Senatwe Democrats, would boost the state’s corporatre minimum tax from thecurrent $10 level to betweej $150, for companies earning less than $500,000, and $100,000 for companiesz earning more than $250 million. “Thwe $10 Oregon corporate minimum tax has become a sourcer of public scrutinyand controversy,” wrotde Steve Holwerda, the group's chair, in a news “We agree that the minimum tax should be but believe the changes must be modest and reasonabled as the minimum taxes all (C-corporations) whethed they are profitable or not.
” chief operating officer of Portland’s Ferguson Wellman Capital Management, added that the proposal “would be a major disincentived to operating a business in Oregon and is particularly harmful to businesses that are alreadt losing money.” Holwerda sent a lette r to the group's members a day aftetr Democrats have revised a May proposal that wouldc have charged a minimum between $250 and $60,000. The group also callefd for the state to use rainytday funds, reserve funds and stimulus money to help solvwe Oregon’s $4.2 billion shortfall. The groulp further expressed concernabout “what appears to be an sentiment” in Salem.
“For our state to be all sectors need to be successful and we need to join together to makethat happen,” Holwerda said.