Wednesday, January 27, 2010

Oregon votes for higher taxes...and fewer jobs

Higher taxes on high income earners and corporations. Those evil people who actually hire new employees....now they will have less money to hire new employees.

Link and Link
Together they generate an estimated $727 million, which has already been budgeted by the 2009 Legislature for public schools and other state services.

The tax measures were strongly supported by the state's teachers and other public employee unions. They argued that schools and public services would face damaging cuts.

A coalition of Oregon businesses, including the state's grocers, mounted a campaign to defeat the taxes, arguing that they would cost jobs at a time when the economy is already struggling.

House Speaker Dave Hunt said he and other supporters "have been hopeful from the beginning that Oregonians would be committed to strong schools, access to services and a healthy business climate."