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|Archives - March 2007|
|Thursday, March 01, 2007|
If you’re still basking in the sunshine moment of last month when the state’s major business groups spoke with one voice to the Oregon Senate Revenue committee, it’s now safe to take off your shades. It was a historic scene, sure. But even as the Oregon Business Association, Associated Oregon Industries and high-tech lobby AeA, among others, stated their support for the suspension of the corporate “kicker” tax refund and diverting the $275 million into a reserve fund, there were some fractures and grumbling below the surface. A look at this and other harsh realities as the Legislature rolls into a third month…
CAPITAL TO BE GAINED?
As the hearings about the corporate kicker got under way, House Minority Leader Wayne Scott (R-Canby) proposed affixing capital gains and inheritance tax reductions to suspension of the corporate kicker. One of AOI’s lobbyists also voiced support for tax reductions as part of the kicker suspension. (The kicker is money “kicked back” to companies and individuals when state tax revenues are more than 2% better than projections.)
RENEWABLE ENERGY, RENEWED BATTLE
Last session, a bill promoting biofuels broke down after partisan bickering involving business interests. But with similar legislation moving swiftly this year, renewable energy for electricity is the issue that’s causing some division in the Oregon business community. This, even after lengthy discussions over the past year in the governor’s renewable energy working group, which included industry representatives, power companies, public interest groups and clean-energy proponents.
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