Subscribe to
Posts [Atom]
Wednesday, January 27, 2010
Oregon Takes a Stand
A state-wide voter referendum in Oregon has passed "handily" a tax increase on the wealthy and on corporations.
Oregon has not raised taxes on corporations since 1929. And this is the "first voter-approved statewide income tax increase since the 1930s."
In other words, in this traditionally anti-tax state, the people decided that the super-rich ought to pay a fair (or at least fairer) share of the burden.
We consider this a first rebellious shot by the squeezed middle class.
Oregon has not raised taxes on corporations since 1929. And this is the "first voter-approved statewide income tax increase since the 1930s."
In other words, in this traditionally anti-tax state, the people decided that the super-rich ought to pay a fair (or at least fairer) share of the burden.
We consider this a first rebellious shot by the squeezed middle class.
Labels: corporate power, income tax inequity, Oregon
