"SB 139 would raise taxes on thousands of Oregon partnership businesses at a time
when many of those businesses are still reeling from the economic effects of COVID.
These businesses are not the euphemistic “large corporations,” they are small and
medium-size businesses that operate in every corner of our state, and in every
commercial business activity you could think of. These could be businesses with two
employees, 20 employees, or even 200 employees, each with an interest in keeping
those employees working and maintaining operations during perhaps the biggest
economic challenge of our lifetime."
"There is no question that some Oregon businesses have done well during the current crisis. Some have even done exceptionally well. That’s actually great news! It’s something we should celebrate, not punish or lament. Those businesses, whether they employ 2 or 200, have kept Oregon moving forward. They’ve kept their people working; they have played by the rules; they’ve overcome hurdles; and they will pay the full taxes they owe under current statute - more than they would pay, of course, if they had not done as well."
"But we shouldn’t let success stories sidetrack us. The fact is most businesses have suffered and are behind where they would otherwise be if not for COVID. SB 139 would raise taxes on those businesses during this time of economic stress. These tax increases would make it harder for Oregon businesses to compete, harder for them to hire, harder for them to give raises, and maybe even harder for them to retain the people they currently employ."
"It is also important to remember, as we’ve discussed before, that every Oregon business, partnership or not, will already be experiencing a 41% increase in their overall tax burden by 2022 when tax measures approved in 2019 are fully implemented.
COVID notwithstanding, Oregon’s business tax burden has increased from 40th highest in the nation, to 19th highest in a very short period of time. Respectfully, the businesses which employ Oregonians are having a hard enough time swallowing that big pill, they are certainly not in a position to take on yet another tax increase.
|Post Date: 2021-06-06 16:12:34||Last Update: 2021-06-07 18:30:37|