HVAC Breaking News

Feb. 18, 2004: Small Businesses Avoid Tax Hikes In Oregon, Virginia

February 18, 2004
/ Print / Reprints /
/ Text Size+
WASHINGTON - Small businesses were recently the targets of tax hike proposals in the states of Oregon and Virginia, reports the Small Business Survival Committee (SBSC), but both measures were defeated.

In Oregon, voters overturned an $800 million tax increase by a 60 percent to 40 percent margin. According to SBSC, the tax hike would have raised the business minimum tax 25-fold and would have included an income tax surcharge on small business taxpayers. In addition, business deductions - specifically business vehicle expensing - would have been removed for most small businesses.

In Virginia, the House Finance Committee rejected Governor Mark Warner's initiative to raise taxes that would have impacted small businesses, says SBSC. The committee also killed more than 30 separate bills that would have raised a variety of individual taxes. In addition, the committee voted to repeal Virginia's estate tax.

"Taxpayers understand that spending is the problem and the small business sector should not be punished for weak political leadership. I am hopeful that this voter trend, which has also played out in Alabama and California, is a sign that voters will reject federal candidates in November who wish to impose tax increases on small business owners," said SBSC Chair Karen Kerrigan.

Publication date: 02/16/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts


NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con