Wednesday, January 27, 2010

Paying For It All

At least one state's voters have the courage to close a budget gap by increasing taxes, and that's Oregon.
Oregon voters delivered historic approval Tuesday for a pair of tax increases after a campaign that assured Oregonians they could protect schools and other programs by requiring wealthy individuals and big corporations to pay more.

With 91 percent of the votes counted, Measures 66 and 67 each were passing with 54 percent and 53 percent approval.

Measure 66 raises income taxes on the top 3 percent of filers and Measure 67 boosts business taxes. Both tax increases were approved by the 2009 Legislature but forced to the ballot by opponents’ signature drive.

Oregon House Speaker Dave Hunt called the results “a win for Oregon kids,” whose schools will not face the 5 percent cut in state spending they would otherwise have confronted. The Gladstone Democrat acknowledged that Tuesday’s vote broke from Oregonians’ history of rejecting general tax-raising measures, which were similarly promoted as ways to preserve vital services.

The core difference was these measures were crafted to hit the bank accounts of only the most well-off individuals and the deepest pocketed big corporations — not all Oregonians and businesses across-the-board, as past tax measures have proposed.

“These are asking people who are doing well — even in this economy — to pay a little bit more,” Hunt said. “I think that’s what made the difference.”
And that of course makes sense.  Hey imagine that, making the people gaining more in this economy pay more to help balance the budget.

I wonder when the "boycott Oregon" movement will start from the Wingers and the state explodes into abject and instant poverty.

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