Saturday, June 20, 2009

High Taxes and Spending Lead to High Unemployment

See Wall Street Journal June 20, 2009 Editorial at
■ “The Labor Department reported yesterday that Oregon's unemployment rate soared to 12.4% in May, the nation's second highest after Michigan's 14.1%."
■ “Oregon will soon boast the second highest income tax rate in the nation, moving ahead of California (10.55%), and only slightly behind New York City (12.6%). Corporations will pay a 7.9% tax on gross receipts, up from 6.6%."
■ [Oregon state] "government spending will climb by about $2 billion [this year], or almost 4%, which is on top of a 21% increase in the 2007-08 biennium budget."



Post a Comment

<< Home