Idaho and Chicago are attracting businesspeople frustrated by Oregon’s tax situation.
When Oregonians voted in January to approve tax increases on businesses and high-earners, many viewed it as a blow to retaining Oregon businesses and attracting new ones.
Now states like Idaho, Montana and Ohio are working to recruit businesspeople frustrated by Oregon’s tax situation.
“Oregon’s economy is already on the wrong side of the tracks,” said Roy Tucker, managing partner of the Perkins Coie law firm in Portland. “The last thing we need is one more reason for entrepreneurs to decide not to do business here.”
Measures 66 and 67 “established battle lines that did not need to be drawn,” added Portland venture investor David Chen. “The damage is not monetary in terms of the increased taxes. The far greater damage is in how it disenfranchised business.”
Read the full story at OregonLive.com.
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