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Wednesday, January 27, 2010

Oregon says yes to taxing wealthy, businesses

One for the good guys ...

Oregon has set aside its history of shooting down tax increases on statewide ballots, with voters endorsing higher taxes on businesses and the rich amid a brutal economic slump.

Oregon voters have approved two measures raising taxes on businesses and the wealthy, averting budget cuts legislators said would have meant larger classes in the schools and less help for the poor and the elderly.

Voters in Tuesday's special election approved measure 66, which raises rates on people earning well above six figures, and measure 67, which increases business taxes.

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