The voters of the state of Oregon today passed new taxes on Corporations and the people who create non governmental jobs. They did this in the middle of a recession and period of high unemployment in this state. New business don't need to come to Oregon and these new taxes will scare them away. Those business that are here will cut costs resulting in layoffs and business closures or worse moving to another state that is not hostile to business. As usual the tax measures failed in Eastern and Southern Oregon but were very popular in Portland. We are a state divided by geography and class! This is exactly what happened in places like Detroit! Ultimately, this will result in higher unemployment, less tax revenue and more dependence on handouts from Washington DC to keep funding more government, and the generous benefits that public employees have been given because of the political power of their unions. Yes, today the state of Oregon hung out the "closed for business" sign! As unemployment climbs, the voter can only thank themselves. When the "rich" and "big corporations" have moved out of state what minority will we go after next to finance the state government! It might be YOU !
UPDATE:
States with the highest unemployment rate:
41 ALABAMA 11.0
41 OREGON 11.0
43 ILLINOIS 11.1
44 NORTH CAROLINA 11.2
45 FLORIDA 11.8
46 DISTRICT OF COLUMBIA 12.1
47 CALIFORNIA 12.4
48 SOUTH CAROLINA 12.6
49 RHODE ISLAND 12.9
50 NEVADA 13.0
51 MICHIGAN 14.6
Oregon is in the "top" 10 ! Now all we need to do is beat Michigan !
UPDATE 2:
It didn't take long!
Oregon Gov. Ted Kulongoski says it's time for the Legislature to take up "kicker" reform now that voters have approved tax increases on corporations and the wealthy. Now they want to take our "kicker" away.
