The Gazette-Times, Heppner, Oregon, Thursday, June 7, 1979 SEVEN
awimakera approve largest tax relief Mil
The Legislature's new tax
program is the largest tax
relief measure ever approved
by an Oregon Legislature.
During the next two years, it
will distribute some $700
million to Oregonians in the
form of property tax relief and
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income tax cuts.
About $300 million of the
program will come through
state assumption of 30 percent
WE
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TR0PICANA ORANGE JUICE , , .. 98
of the property taxes of
homeowners. Another $200
million will be distributed
through the low income home
owner and renter property tax
refund program (HAARP).
The rest of the money will be
distributed to income taxpay
CHEESE, MACARONI & BEEF,
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10 TO 1234-OZ. SIZE
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63 " Kv., 100 WHEAT
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03 :PCsA 22V4-OZ. LOAF
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LETTUCE
ers via a 9 percent rebate on
the income taxes paid by
Oregonians in April this year.
The income tax portion of
the program will also increase
the personal exemption next
year from $750 to $1,000 for
each taxpayer, and, in future
STONEWARE FROM
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HAMBURGER or
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iOT"!
SHUR-FRESH
PKG. OF 12
GET PLENTY
FOR THE BBQ
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1 1 M I
years, the personal exemption
will be increased along with
cost of living increases. Also,
the amount of federal tax
deduction allowed will be
increased from the present
$5,000 to $7,000.
This means that inflation
will no longer automatically
push taxpayers into higher tax
brackets.
There are various forms of
limitations included in the tax
package. State government
spending could not increase at
a rate greater than the growth
of personal income in Jhe
state. Local government
growth would be limited by
complicated formulas con
tained in the dual ballot
approach to be used in
determining local levies and
expenditures.
The first relief contained in
the program will be the
income tax refunds, which will
be ready for distribution in the
Fall. The 30 percent property
tax reduction also would
become effective then.
The entire program will be
placed before the voters in
May, 1980 to give the people
, the chance to either continue
the program or send the
Legislature back to the draw
ing board.
The program certainly isn't
a perfect one, but then there's
no such thing as a perfect tax
program !
Incidentally, a concept
which I introduced in the
special session held last Fall
has been incorporated in the
program. State biennial gen
eral fund expenditures other
than for tax relief and bond
payments could not increase
by more than the growth in
personal income in the prior
two years. ,If state revenues
exceed that limitation by
more than 2- percent, the
surplus would be returned taj
income taxpayers as a rebate
proportional to their tax
payments.
Despite the shortcomings of
the program it is, nonetheless,
the best tax program any of Us
have seen in many years. And
it's the first time we have seen
the Legislature argue over the
best way to send money back
to the people. It's the kind of
argument that only the people
can win. And any time the
people come away winners
from a session of the Legisla
ture, it's a step in the right
direction!
Ullman
backs
imports
Oregon Congressman Al
Ullman said today he will seek
prompt House action on the
Meat Import Act of 1979. His
announcement followed Ways
and Means Committee ap
proval of the Ullman bill on
Thursday.
Ullman said he was delight
ed with the action of the
Committee, which defeated
several attempts to modify the
bill first introduced by the 2nd
District Congressman in
March.
"As approved by the Com
mittee, this legislation will be
beneficial to consumers and
producers alike," Ullman
said. "It will stabilize prices
by reversing a situation in
which additional meat im
ports are allowed into the
country when domestic cattle
production is rising and prices
are declining."
The bill would establish a
formula under which imports
above a 1.2 billion pound limit
would be allowed when dom
estic supplies are very low and
prices consequently high.
The formula . would be a
partial substitute for presi
dential discretionary author
ity to lift import quotas, which
has frequently - tended tov
discourage domestic produc
tion and reduce domestic
supplies.
"This kind of change is
absolutely essential to re
ducing the wide swings in
domestic meat prices which '
have created a boom-and-bust
cycle in the cattle industry.
Stability is in everyone's best
interest, and that's what this
bill will- help us achieve,"
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