Over at Oregon Catalyst (here), Steve Buckstein of Cascade Policy (here) does a treatment of a recent study of effects of passage of Measures 66 & 67 and the effects ain’t good. Here are just a few things these bad boys would do for starters:

•  Between 47,000 and 55,000 jobs will be lost by 2018 from the increase in top marginal tax rates alone in the two measures.
• Net out-migration of tax filers will be approximately 80,000 greater than otherwise over a ten year period. These lost filers are likely to have significantly higher incomes than the average tax filer. Again, this estimate is only based on the increase in top marginal rates; not other features of the measures.The average biennial loss in Adjusted Gross Income (AGI) from Measures 66 and 67 is approximately $1.1 billion dollars– 50 percent higher than the $733 million first-biennial transfer of income from the private sector sought by the measures.
• Finally, positive impacts of public infrastructure spending on state level output, if any, may be less than the negative consequences of suppressing private activity.