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In an effort to bolster state programs and services, Oregon Governor Kate Brown announced today a new tax plan aimed at generating additional revenue for the state. The plan, which has been in the works for several months, is set to go into effect on January 1, 2026.Under the new tax plan, Oregon residents will see an increase in their income tax rates. The top tax bracket, which currently sits at 9.9%, will be raised to 10.5%. Additionally, the plan introduces a new capital gains tax for high-income earners, which will be set at 2.5% on earnings over $1 million.Governor Brown stressed the importance of this tax plan in funding critical state programs such as education, healthcare, and infrastructure. "We have seen a growing need for investment in our state programs, and this tax plan is a necessary step to ensure their sustainability," said Governor Brown in a press conference.The new tax plan has faced pushback from some lawmakers and residents who believe it will place an undue burden on middle-class families. Republican State Senator John Smith criticized the plan, stating that it will only serve to drive businesses and high-income earners out of the state.However, Governor Brown defended the tax plan, highlighting that the revenue generated will benefit all Oregonians by improving essential services and programs. "We are committed to creating a more equitable and prosperous Oregon for all residents, and this tax plan is a crucial part of that vision," said Governor Brown.The Oregon Department of Revenue will be providing more information in the coming weeks on how the new tax plan will be implemented and how residents can expect to be affected. Stay tuned for updates on this developing story.