Fiscal

Mission: Promote a vibrant, sustainable and competitive economy through private sector expansion and job creation.

Goals:

  • Identify current fiscal policy issues;
  • Analyze impact of fiscal policy issues on the private sector economy;
  • Discuss political and financial implications of fiscal policy issues;
  • Determine relevance of fiscal policy issues to OBI members and the Oregon business community. 

OBI’s position on various tax and fiscal policy issues are first determined by the Finance Committee and subsequently reviewed and approved by the OBI Board of Directors. The OBI Finance Committee consists of business owners, corporate executives, CFOs, tax analysts, business association executives, attorneys, and those with interest and expertise in tax issues, public finance, and public budgeting.  The committee meets several times throughout the year to review, analyze and take positions on pending tax proposals (both state and federal) as well as any public finance initiatives.

Current Priority Issues:

Making PERS fiscally sustainable: Reducing the cost of the state pension system is essential to addressing expected budget deficits while supporting an effective education system and maintaining the state’s economic and fiscal health. OBI supports PERS changes that are fair, sustainable and constitutional.

Holding the line on corporate tax rates and disclosure rules: OBI is part of the coalition that opposes a gross receipts tax. We also do not believe proposed state requirements for corporate tax disclosure are necessary. Legislators have more than enough sources of information to make informed decisions on corporate taxation. OBI opposes the politicizing of corporate tax information.

Supporting tax reform while preserving business incentives: Oregon needs comprehensive tax reform that will produce investment growth, job growth, and revenue stability for the state. However, the discussion must go beyond ways to raise taxes and eliminate existing business tax incentives. OBI will work to protect important tax policies such as the single sales factor, enterprise zones and R&D tax credit that encourage business investment and economic growth.