Progressive Taxes Win Big In Oregon

tpmcafe.talkingpointsmemo.com — The political establishment continues to be obsessed with the victory of Scott Brown in the Massachusetts Senate race. In fact, they are so obsessed they managed to almost completely overlook that Oregon voters passed by a margin of 54 to 46 a tax measure that would raise the tax rate on taxpayers with an income of more than $250,000 a year. They also approved a measure that would raise the tax paid by corporations in Oregon. Together the two measures are projected to raise $750 million over the next two years, approximately 5 percent of the state's $14 billon budget. This victory is striking because it shows that voters in Oregon were willing to support progressive taxation in order to avoid substantial cuts in public services.

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