Clear Fog Blog

Political musings from Warren E. Peterson

Oregon Voters Raise Taxes

Posted by Warren Peterson on January 30, 2010

By a 54% “yes” vote, Oregon voters approved one measure to raise taxes on the wealthy (defined as income of $125,000 for singles, $250,000 for couples) and another to increase business taxes.

Predictions:

1. Oregon’s unemployment rate will increase
2. Oregon will have a net outflow of businesses
3. Oregon will have a net outflow of “wealthy” people
4. The income from the tax increases will fall short of projections
5. The tax cancer will spread to other Democrat led states

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