Comments

1
The "crisis" is directly related to the 15+ trillion deficit. That is all.
2
Now the "rich" will flee the state, along with their businesses that provide real jobs. And their much heavier tax contributions that constitute the majority of the state-collected revenue.
Serves them right for that evil and selfish economic success.
3
Until our amateur part-time legislature actually turns into a hard working real one, I doubt much change will happen in the state.

If an 11% income tax on the "super rich" by Oregon definitions (a tiny minority of the population, btw) is the best the Governor and his Wank-off group (err, I mean, special economic cabinet) can come up with, then this state really is in trouble.

As for "Corporate Tax" increase - without sales tax and getting rid of that idiotic kicker tax law, what does it matter? Is that really supposed to increase incentives for job creation?

Increased businesses taxes aren't an incentive for businesses to stay or move here and create more jobs. Even ass-backwards states are offering tax incentives to JUMP START business investment such as tax breaks for film production companies, high tech, and even a proposal out there for social entrepreneur incubators.

This State might be "progressive" but they sure as hell are financially retarded.

4
This state continues to make it difficult for people to start and build a successful business here. Then they wonder why OR has the second highest unemployment rate in the country. Get real and get the spending under control, reduce the state income tax rates on everybody and institute a 5% sales tax.

Please wait...

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