- Sep 12, 2008
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We had a special election today. The legislature wanted to create a new set of tax rates. Oregon supposedly has a two tier tax rate, but the higher rate comes in on incomes so low that it was almost a flat tax.
That has now been fixed. New tax rates will go into affect on higher income earners and corporations.
Given Oregon's already very unfriendly to business climate, I don't see much hope of businesses expanding.
So Oregon voters have shown they want to be first in the nation at something, and it looks like unemployment rate is going to be it.
That has now been fixed. New tax rates will go into affect on higher income earners and corporations.
Given Oregon's already very unfriendly to business climate, I don't see much hope of businesses expanding.
So Oregon voters have shown they want to be first in the nation at something, and it looks like unemployment rate is going to be it.