Tax the Rich? Oregon Voters Could Weigh In on First-of-its-Kind Wealth Tax

What could Oregon do with an additional $2.7 billion in revenue each year? That’s about how much Portlander Jonathan Tasini says would be generated with a 2 percent wealth tax imposed on Oregon taxpayers with assets at or above $30 million. Now, as the state faces a fiscal crisis affecting everything from public schools to transportation safety programs, Tasini is hoping to get that wealth tax on the Oregon ballot—and win. Tasini, a longtime labor...