While California rebelled against the politicians tax increases, their friends in Oregon have passed major tax increases which will send jobs to Washington, Idaho, Utah, Colorado, Texas and Lower cost of living will go up.
Measure 66 and 67 has passed handily. Supporters calls it Tax fairness .Critics says jobs will go away. Measure 66 was ahead 54 to 46 percent. Measure 66 raise a 2 percent on people earning $250,000 and higher. Measure 67 raises the corporate income tax from $10 to $150 if your business shows a loss.
Supporters excited about the win.
“We’re absolutely ecstatic,” said Hanna Vandering, a physical education teacher from Beaverton and vice president of the statewide teachers union. “What Oregonians said today is they believe in public education and vital services.”
Critics were disappointed to say the least.
“It’s disappointing and discouraging,” said Pat McCormick, spokesman for Oregonians Against Job-Killing Taxes. “The tone and tenor was often venomous, trying to pit the haves against the have-nots.”
He said the business community now must figure out “how to participate in a system that’s largely disconnected from us.”
Supporters says the will close a $725 budget shortfall.