Rep. Boice: 3 tax cuts Republicans are rallying behind

Republicans Fight to Lower Costs, Cut Taxes
Oregon State Representative Court Boice
Newsletter Excerpt,

House Republicans want families to keep more of what they make by cutting income taxes and opposing new taxes and regulations that increase the cost of living. Lowering costs for Oregonians, starting with their tax bill, is our top priority.

House Republicans have proposed three major bills that seek to help ease the financial stress that Oregonians are feeling.

HB 3753 – Income Tax Cut: Increases the Oregon standard deduction allowed for personal income taxpayers. By cutting taxes for working families, nearly tripling standard deductions, HB 3753 is a direct way we can help the most tax-burdened Oregonians keep more of their paycheck. While House Democrats look for ways to take more money from Oregonians to fund an ever-growing and inefficient government, House Republicans stand with families desperate for relief.

HB 3914 – No Tax on Tips: Creates an Oregon personal income tax subtraction for tips received by the taxpayer during the tax year. Eliminating taxes on tips helps thousands of Oregonians working in the hospitality and service industries keep more money in their pockets as they face inflation and rising costs.

HB 2234 – No Tax on Overtime: Creates an Oregon personal income tax subtraction for overtime pay received by a taxpayer during the tax year. Oregonians who work extra hours to support their families deserve to keep more of their hard-earned paychecks. No Tax on Overtime is a great way to give working Oregonians real, tangible, relief from rising costs.

Oregon ranks as the 10th most expensive state to live in according to Forbes, while another report by Finance Buzz found that Oregonians pay the highest rate in state income taxes in the country. A recent poll commissioned by House Republicans found that a whopping 79% of Oregonians favor cutting taxes to make Oregon more affordable and 70% favor eliminating state income taxes on tips and overtime pay. The same poll showed that Oregonians see the cost of living as the top issue they face with 56% of Oregonians saying that taxes are too great.

It is clear to all those who live in Oregon that the cost of living is far too high. We trust you to budget for your family better than Salem bureaucrats. Let’s cut taxes help make life more affordable in our state.