Good News for the Golden State
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.”
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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!”.
Comment by Sonicfrog — January 27, 2010 @ 6:54 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.
Comment by B. Daniel Blatt — January 27, 2010 @ 7:04 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!
Comment by Sonicfrog — January 27, 2010 @ 7:24 pm - January 27, 2010
I never can understand the left’s enamor with turning the entire country into Detroit.
Comment by ThatGayConservative — January 27, 2010 @ 8:55 pm - January 27, 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.
Comment by Margo — January 28, 2010 @ 12:56 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…
Comment by John — January 28, 2010 @ 2:07 pm - January 28, 2010
Can’t businesses always move away from the “Left Coast” entirely?
Comment by Classical Liberal Dave — January 29, 2010 @ 2:21 am - January 29, 2010