Oregon voters passed two measures this week that will increase taxes on business and so-called "rich" people. "Rich" is not limited to those making over $250,000, the number bandied about by supporters. The tax on people at that level is 11%, and the tax on people making $125,000 is going to be 10.8%. That is not statistically significant enough to say only the rich got smacked!
Class warfare is alive and well in the Beaver state.
What stupidity. I am ashamed to admit that I live in this wretched state. Where do these morons think businesses are going to get the money to pay the taxes? They are either going to cut their expenses (lay off workers), raise their prices or move out of state.
Will Oregon's new tax laws really generate the $733 million dollars everyone seems to think it will? Not if the targets get out of the line of fire they won't.
In another move of Oregon stupidity, the beloved governor has now been emboldened to seek ways to insure that Oregonians don't get any more "kicker" checks. The "kicker" is a rebate given to taxpayers when General Fund revenues exceed forecast by 2%. The governor is not satisfied with the big new taxes we just gave him, now he wants even more!
I don't see any hope of Tea Party type activism in Oregon. Time for us to flee while we can still get out of here. Time to flee before the state levies an exit tax.
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