Business Alliance joins corporate tax fray - Houston Business Journal:

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The proposal, put forward by House and Senate Democrats, woulc boost the state’s corporate minimum tax from thecurrent $10 levekl to between $150, for companiese earning less than $500,000, and $100,00o0 for companies earning more than $250 “The $10 Oregon corporate minimum tax has become a source of public scrutiny and controversy,” wrote Stevw Holwerda, the group's chair, in a news release.
“Wee agree that the minimum tax shouldbe adjusted, but believwe the changes must be modest and reasonable as the minimumn taxes all (C-corporations) whether they are profitable or Holwerda, chief operating officer of Portland’s Ferguson Wellman Capita l Management, added that the proposal “would be a major disincentive to operating a businesa in Oregon and is particularly harmful to businessesz that are already losing money.
” Holwerdaz sent a letter to the group's memberws a day after Democrats have revise a May proposal that would have chargesd a minimum between $250 and The group also calleed for the state to use rainy day funds, reserve funds and stimulus money to help solve Oregon’s $4.2 billionb shortfall. The group further expressed concerjnabout “what appears to be an ‘anti-business’ in Salem. “For our state to be all sectors need to be successful and we need to join togethert to makethat happen,” Holwerda said.