Sen. Drazan: Kotek must veto $311M tax on business

SEN. CHRISTINE DRAZAN CALLS ON GOV. KOTEK TO VETO $311 MILLION TAX HIKE ON OREGON BUSINESSES
By Oregon State Senator Christine Drazan,

CANBY, Ore. – Last month, Democrats in the Oregon State Legislature passed Senate Bill 1507, a bill that would increase the tax burden on local employers by $311 million. The bill currently sits on the Governor’s desk.

Sen. Christine Drazan (R-Canby), candidate for Oregon Governor, released the following statement, calling on Governor Kotek to veto the bill:

“I call on the governor to get serious about turning Oregon’s economy around and veto this tax hike immediately. Our business climate is among the worst in the nation and we can’t afford to push employers out who have chosen to stay. Oregonians deserve to live in a state where their jobs are secure and businesses can grow and thrive.”

“Governor Kotek: veto this bill and give businesses an opportunity to invest and hire more Oregonians–not another reason to leave the state.”

SB 1507 comes as Oregon faces a 12-year high in business bankruptcies, which jumped 25% last year, after business taxes increased by 33% from 2019 to 2023. At the same time, we’ve seen an alarming collapse in our state’s business climate, as employers face growing burdens that will only increase should SB 1507 become law.