From the Senate Republican Office:

This week will see the legislature vote on more than one billion dollars in new taxes, primarily targeted at Oregon small and family businesses. These taxes are being heralded as job killers, resulting in an immediate loss of more than 5,000 jobs and discouraging future Oregon businesses from locating to Oregon. Oregon currently has the second highest unemployment rate in the nation.

“This week Democrats will vote to continue a pattern of excessive spending on the backs of Oregon small and family owned businesses with one of the largest combined tax increases in Oregon history,” said Senator Ted Ferrioli (R-John Day). “When the dust settles at the end of this week, employers will have to start preparing to extract over a billion dollars from their businesses. It doesn’t take an economist to know that this will mean a significant slowdown in Oregon’s economy.”

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