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Matt Singer works for Forward Montana. He also is a partner in DP Productions, a small, Montana-based T-Shirt company.


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Oregon Voters Say Hell Yes to Taxing the Rich

by: Matt Singer

Wed Jan 27, 2010 at 09:58:40 AM MST


Montana lawmakers, take note:
Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services.

The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes on households with taxable income above $250,000, and Measure 67 sets higher minimum taxes on corporations and increases the tax rate on upper-level profits.

Turnout was over 60% and voters in initiative-heavy Oregon hadn't passed a tax hike in close to 80 years...so this vote is huge.

Oregonian Jonathan Singer offers his take at MyDD:

The message out of Oregon, like the message out of Massachusetts, is resonating: Voters are in a populist mood right now -- not an anti-government one, necessarily, but a populist one nevertheless. The progressive brand of populism that resonated with Oregonians this month is slightly different than the one that rang true in Massachusetts. Yet the message is just as clear.

The real question now is whether DC will listen, or if instead it will continue to cling to its common wisdom.

Additionally, let me vouch for the Oregonians behind this campaign. Kevin Looper is hella smart and one of the best field minds in the country. From what I can tell, their campaign pulled out the stops. They registered and re-registered voters, knocked hundreds of thousands of doors, and made something like a million phone calls.

You want to win? Hone your messaging, mobilize your base, and even in a recession, we can hike taxes on the rich to pay for necessary services.

Thanks, Oregon, for the good news.

Matt Singer :: Oregon Voters Say Hell Yes to Taxing the Rich
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The value of popular sentiment notwithstanding... (0.00 / 0)
... I hope you view this as an opportunity to validate your economic views over the future.  There is a baseline of employment and income in Oregon which can be taken now.  It will be interesting to see if there is a marginal divergence from similar states who don't raise taxes.  My bet is that this will have net negative effect on both employment and wages given the underlying context of weak aggregate demand - although I could well be wrong.  

At any rate I think it's a worthy effort to keep an eye on it.


I agree... (0.00 / 0)
One of the reasons I like raising the minimum wage is the result of this natural experiment in Washington and Idaho.

Worth noting of course that small sample sizes can wreak havoc here, but we learn by watching. Slashing the state budget and laying off a bunch of state employees would have done more to undermine aggregate demand, IMHO.


[ Parent ]
Let's hope you can be a bit more scientific than the NYT. (0.00 / 0)
Maybe you could back test the thesis of the article that just happened to be written at the height of the economic bubble.


[ Parent ]
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