Gov. Ted Kulongoski signed a $733 million tax increase Monday, which he called a "modest" increase on the state's big earners that would help schools and state programs avoid budget cuts. But business groups and other opponents are prepared to fight the taxes with a referendum campaign.
"Middle-class families will not be paying a single penny more in taxes," Kulongoski said. "We are asking corporations and the wealthiest Oregonians to pay their fair share to help protect services we all depend on: education, health care and public safety."
Opponents called the taxes a "job killer" that will slow Oregon's economic recovery."It will force businesses to lay off workers, cut wages and benefits or close their doors," said Pat McCormick, the spokesman for a coalition of business groups and anti-tax activists who oppose the tax.
Read the full story at the Statesman Journal.