Fiscal Policy Chair:
Scott Hibbs, The Standard
AOI Policy Manager:
J.L. Wilson, AOI Contract Consultant
Mission: Promote a vibrant, sustainable and competitive economy through private sector expansion and job creation.
AOI’s position on various tax and fiscal policy issues are first determined by the Fiscal Policy Steering Committee and subsequently reviewed and approved by the AOI Board of Directors. The AOI Fiscal Policy Council 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 government budgeting. Attendance is open to any AOI member. The Steering Committee alerts the Fiscal Policy Council and AOI members about new tax law developments and initiates AOI’s response. 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. AOI will support PERS changes that are fair, sustainable and constitutional. Now is the time to start fixing the nearly $22 billion PERS unfunded liability in a thoughtful and meaningful way.
Holding the line on corporate tax rates and disclosure rules: AOI is part of the coalition opposing Measure 97, which would establish a 2.5% gross receipts tax on annual sales above $25 million, and also will oppose any legislative attempt to adopt a scaled down version of the measure if it fails in November. 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. AOI opposes the politicizing of corporate tax information.
Preserving 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. AOI 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.