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Measure 66 increases Oregon's personal-income-tax rate by two percentage points for households earning over $250,000 a year. Measure 67 calls for an increase in the state's minimum corporate income tax, currently $10 a year, and imposes a tax on gross revenues for corporations that don't report a profit.

Gail Rasmussen, president of the Oregon Education Association, one of the public-sector unions that campaigned hard for Measure 66 and 67's passage, "Tonight's results are a credit to the hard work of parents, educators, and thousands of Oregonians from every walk of life who stood up to protect our schools."

Leisher wrote:I hope all the people making over $250,000 move out of Oregon so that state can see how right Margaret Thatcher was about Socialism.

Mr. Obama and Congressional Democratic leaders have said they will extend most of the Bush-era tax cuts scheduled to expire on Dec. 31. The president wants Congress to let the tax cuts lapse for high-income people, so that couples making more than $250,000 would see their taxes rise.
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“As we work to create jobs,” he said, “it is critical that we rein in the budget deficits we’ve been accumulating for far too long — deficits that won’t just burden our children and grandchildren, but could damage our markets, drive up our interest rates and jeopardize our recovery right now.”