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Measure #41 - YES
Allows Income Tax Deduction Equal To Federal Exemptions Deduction
To Substitute For State Exemption Credit
Simply
Stated:
Cuts Taxes
PEAPAC Explanation:
Measure 41 gives taxpayers a choice in figuring their taxes - the
current method of tax credits or a new option of income deductions.
The tax credit currently is $154 per personal exemption, whereas the
federal income deduction is $3200 per exemption. Most who use the
new deduction method would get a tax cut.
PEAPAC Comment:
In 1 Samuel 8,God warns us not to look to big government to solve
all our problems. He tells us that when we do this, two negative
results follow. First, government grows in its control
of our lives. Second, it finances this growth through taxes, making
it harder to prosper financially.
We have these two problems today. Most Oregonians saw small or no
income increases in the past few years, But the State’s “income”went
up about 7% per year for each of the past 15 years! You probably
don’t get an annual 7% pay raise, right? But the state does, and
it comes out of your pocket! The result is increasing and
unnecessary state bureaucracy, and more state control of our lives.
That 7% came out of the taxpayers’ pockets, of course. The end
result is that most families find it harder and harder to make ends
meet.
Measure 41 addresses both of these problems. First, it gives most
citizens a tax cut, helping them to pay their other
bills. Second, it reduces the amount of money the state gets, thus
restricting the growth of state bureaucracy. We urge a
Yes vote on Measure 41.
This voters' guide produced by Parents Education Association, PAC.
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