Senate Candidate Alexander Flores statement on signing of the small business tax increase
FOR IMMEDIATE RELEASE
HILLSBORO, Ore. – State Senate candidate for District 15, Alexander Flores, has released the following statement regarding Governor Kate Brown’s announcement that she will sign Senate Bill 1528 into law, which will increase taxes on small businesses.
"The news that the Governor has decided to sign Senate Bill 1528, raising taxes on Oregon's small businesses, is upsetting,” said Alexander Flores. “This unnecessary tax hike will unfairly impact local businesses who are working hard to better themselves and our community.”
During the 2018 Legislative Session, the majority party passed Senate Bill 1528 - a $1.3 billion small business tax hike - sending a strong message to Oregon small businesses: Democrats side with big corporations over small family-owned businesses.
Per the nonpartisan Legislative Revenue Office, SB 1528 will raise taxes on Oregon small businesses by nearly $200 million in 2018, and by $1.3 billion over the next 6 years.
Flores went on to say, “I do not believe that the legislature should be punishing mom and pop shops, start-ups, and young entrepreneurs who are the backbone of Oregon's economy. It is simply unfair.”
The measure eliminates the 20% deduction for small pass-through businesses, including LLCs, Partnerships, and Sole Proprietorships, by disconnecting Oregon from the federal tax code.
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