Measure opponents spread misinformation

Like many business owners who have publicly opposed Measures 66 and 67, Jan Eldredge (Letters, Jan. 23) butchers the facts when describing the impact to their business. Specifically, it is completely untrue that the new revenue-based corporate minimum tax will be levied on top of corporate income tax.

This tax of approximately 0.1% will be levied only upon businesses such as Portland General Electric that do not declare profits, and which therefore pay no corporate income tax.

It will truly be a shame if voters reject these measures based on widespread misinformation like this. Oregon's businesses and the wealthy would only be very modestly burdened by passage of Measures 66 and 67. Our poor and middle class, however, will be very heavily impacted if we are forced to find some other way to close a $1.2 billion hole in our budget.