"Economists understand that taxes have consequences. But the effect of Measures 66 and 67 on most businesses and individuals in Oregon will be minimal, and the state will remain one of the lowest business tax states in the country.
How low? According to the conservative Tax Foundation, even with the new taxes, Oregon will rank 14th in lowest tax states. Thus Oregon businesses are neither excessively burdened by taxes, nor likely to find greener pastures elsewhere. The effect of the new taxes on employment is therefore likely to be very small, and may be more than offset in the short run by jobs preserved in social services, public safety and education."
How low? According to the conservative Tax Foundation, even with the new taxes, Oregon will rank 14th in lowest tax states. Thus Oregon businesses are neither excessively burdened by taxes, nor likely to find greener pastures elsewhere. The effect of the new taxes on employment is therefore likely to be very small, and may be more than offset in the short run by jobs preserved in social services, public safety and education."
