Oregon business groups support 2010 tax hike referendum
SALEM, Oregon: Oregonian business groups have announced their support for the OregonTax Hike Referendum that may be on the January 26, 2010 ballot. The signature deadline is quickly approaching, on Friday, September 25. Businesses argue that the hike will slow the state's economic recovery and cause more job losses. In support of the measure Oregonians Against Job-Killing Taxes have raised a total of $1 million from a variety of sources, including: business organizations and timber companies. "We recognized early on that we needed to focus our time and resources on the two taxes that we think will harm our economy the most," said local anti-tax activist Russ Walker.
Gov. Ted Kulongski signed two tax bills on July 20, 2009 that will increase taxes in the state by $733 million through increasing the state’s corporate minimum tax, raising taxes on the state’s high-income individuals and raising income taxes on businesses. Tax details can be found here.