Oregon update: Voters OK income tax hikes
While Washington lawmakers and Governor Gregoire contemplate the prospect of tax hikes to help close a $2.6 billion budget shortfall, Oregon voters have upheld the Oregon Legislature’s decision to boost corporate and personal income taxes to the tune of over $730 million. Oregon voters, balloting by mail, on Tuesday approved a pair of referenda, both by a margin of better than 53-47. Measure 66 will raise the margin income tax rate on personal income above $125k for individuals and $250k…