Thursday, January 28, 2010
On Tuesday, Oregon voters approved two ballot measures increasing individual and business income taxes by a 53%-47% vote:
- Measure 66 raises income tax rates by 2% (to 11%) on individuals earning more than $125,000, and married couples earning more than $250,000
- Measure 67 replaces Oregon's $10-minimum corporate income tax with a minimum tax of $150 or 0.1% of gross revenues in excess of $500,000.
Press and blogosphere coverage:
- The Atlantic, Oregon's Rich Tax is Not a Victory for Liberals
- The Economist, The Pendulum Swings Back: A Surprising Vote for Higher Taxes
- Bruce Bartlett, The Oregon Tax Vote
- New York Times, Voters in Oregon Approve Tax Increases
- Stateline.org, Ore. Voters Approve $747 Million Tax Hike
- Tax Foundation's Tax Policy Blog, Oregon Voters Approve Taxing "The Guy Behind the Tree"
- Wall Street Journal, Oregon to Tax Wealthy, Businesses
- Wall Street Journal editorial, Taxpayer Ambush in Oregon: The Public Unions Win in Portland