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Good News for the Golden State

January 27, 2010 by B. Daniel Blatt

Oregon voters pass tax increasing measures by big margin:

Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services.

The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes on households with taxable income above $250,000, and Measure 67 sets higher minimum taxes on corporations and increases the tax rate on upper-level profits.

With this action, the Beaver State becomes less of an option for wealthy Californians and over-regulated Golden State corporations seeking to move north for a more tax-friendly environment. Some may elect to stay put.

But, what’s marginally good for California businesses ain’t so good for the Oregon economy.  Michelle expects “affected business owners to start Going Galt en masse.”

Filed Under: Big Government Follies, Economy

Comments

  1. Sonicfrog says

    January 27, 2010 at 6:54 pm - January 27, 2010

    Are you kidding? This is horrible! Now California will point to Oregon and say “Well look! I they can do it, then we can do it too!”.

  2. B. Daniel Blatt says

    January 27, 2010 at 7:04 pm - January 27, 2010

    Sonic, I didn’t think of it that way. I do hope you’re wrong. But, then again, that would mean using hope to guide my expectations of the state legislature rather than experience.

  3. Sonicfrog says

    January 27, 2010 at 7:24 pm - January 27, 2010

    That should have been “If they can do it..”.

    But, then again, that would mean using hope to guide my expectations of the state legislature rather than experience.

    Ha! Now THAT was funny!

  4. ThatGayConservative says

    January 27, 2010 at 8:55 pm - January 27, 2010

    I never can understand the left’s enamor with turning the entire country into Detroit.

  5. Margo says

    January 28, 2010 at 12:56 pm - January 28, 2010

    I live in Oregon. This vote will be disastrous. We all know tax revenue will go down as a result. The big question is to where will Phil Knight move his Nike headquarters.

  6. John says

    January 28, 2010 at 2:07 pm - January 28, 2010

    While Nevadans are sitting back and giggling their butts off, all while running ads in California to get their business’ to move across the border. Perhaps they should expand their marketing to Oregon now…

  7. Classical Liberal Dave says

    January 29, 2010 at 2:21 am - January 29, 2010

    Can’t businesses always move away from the “Left Coast” entirely?

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