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In a move that has garnered mixed reactions from residents and businesses alike, the Oregon Legislature has approved a series of new taxation measures aimed at increasing revenue for the state. The measures, which were passed in a close vote earlier this week, are set to go into effect starting next year.One of the most controversial measures includes a hike in the state income tax rate for high earners. Individuals making over $250,000 annually will see an increase in their tax rate from 9% to 10%, while those making over $500,000 will see their rate go up to 11%. Proponents of the measure argue that it will help address income inequality and provide much-needed funding for public services.In addition to the income tax hike, the legislature also approved a new tax on large corporations doing business in Oregon. Companies with annual revenues exceeding $1 billion will now be subject to a 2% tax on their gross receipts. This measure is expected to generate significant revenue for the state, but critics have raised concerns about the potential impact on businesses and job growth.In a statement following the passage of the new taxation measures, Governor Kate Brown praised the legislature for taking bold action to address the state's budgetary challenges. "These measures will help ensure that Oregon can continue to provide essential services to its residents and invest in the future," she said.However, not everyone is pleased with the new taxes. Business groups have already indicated that they may challenge the measures in court, arguing that they unfairly target certain industries and could hinder economic growth in the state.Overall, the passage of these new taxation measures represents a significant shift in Oregon's approach to funding public services. As the state prepares to implement these changes, residents and businesses will be closely watching to see how they will impact the local economy and the overall quality of life in Oregon.